Along with announcing that it would be leveraging a tool from Dealertrack, Westlake Financial Services named its 2018 Auction of the Year winner as well as gave accolades to auctions in four other regions. The top accolade as Westlake’s 2018 Auction of the Year went to America’s Auto Auction Harrisburg. “We are happy to congratulate […] [Read More]

As Auto Remarketing continues to report on the wholesale remarketing strategy of commercial consignors, the story would be incomplete without the inclusion of credit unions. CU Direct said member auto-loan originations by the 1,100 credit unions using the CUDL auto lending platform, as an aggregate, have led the auto lending industry. (Author Disclaimer: I provide […] [Read More]

The partnership momentum Auto Financial Group (AFG) generated during the fourth quarter now is helping one of the nation’s leading sources of residual-based financing and vehicle remarketing for financial institutions during the opening segment of 2019. AFG recently announced that Pentagon Federal Credit Union (PenFed), the second largest federally chartered credit union in the United […] [Read More]

Dealerships are likely to see quite a wave of customers coming back to their showrooms this year since leased vehicles they delivered three years ago are set to mature. Along with handling that influx of traffic, store staff also might have another challenge — explaining to the happy lease customer that putting them into another […] [Read More]

John North III, who is resigning from his chief financial officer post at Lithia Motors effective March 1, is joining Avis Budget Group as its CFO, effective March 18.  Avis Budget noted in a news release that North will oversee all financial aspects of the business, including financial planning and analysis, accounting and financial reporting, tax, internal […] [Read More]

Coming on the heels of a notable anniversary, Credit Union Leasing of America decided to refresh its look. On Wednesday, the provider of indirect vehicle leasing programs for credit unions, unveiled a new logo, website design and other brand elements all in an effort to reflect a modernized approach that emphasizes the benefits indirect vehicle leasing can […] [Read More]

Auto Financial Group, one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, enjoyed more client signings during the fourth quarter. During the quarter, AFG said it signed a total of seven new credit unions and six institutions agreed to join the AFG Balloon Lending Program. According to a […] [Read More]

The black tarp was pulled off a stock car in the middle of Times Square, revealing a new paint scheme for the Chevrolet that, in addition to the famed neon No. 48 of NASCAR legend Jimmie Johnson, now featured the logo of Ally. Andrea Brimmer, Ally’s chief marketing and PR officer, got the chills. And not […] [Read More]

Nearly 80 Lexus dealerships in seven states are included in the launch of a U.S. program that has a traditional lease foundation with other components aimed at making driving the luxury brand more convenient. In the age of increased online shopping, automatic bill payments and the growing prevalence of minimalist lifestyles, Lexus acknowledged drivers are also […] [Read More]

Consumers want a car-purchase process that is seamless, streamlined and limits their in-dealership transaction time to an hour or less. That means allowing consumers to compare interest rates, electronically sign credit applications and other documents and shop for finance and insurance products all on a dealership’s website before stepping foot into the dealership. OK, so […] [Read More]