Successful applications for vehicle-lease transfers closed 2018 on a positive note, generating the second-highest reading of the year. Swapalease.com reported on Monday that vehicle-lease credit applicants registered a 71.4 percent approval rate in December, representing a rise from the November reading of 68.9 percent. Site officials highlighted December experienced a slightly lower number of applicants […] [Read More]

Matt Gibson, vice president of reinsurance sales for Protective Asset Protection, joined Nick to discuss one of the more complicated subjects ever broached on the Auto Remarketing Podcast. Gibson explained the potential ramifications on dealerships’ F&I profit stemming from initial decisions associated with passive foreign income in connection with non-controlled foreign corporations (NCFCs). It has all […] [Read More]

HyreCar and Sansone Jr.’s 66 Automall are collaborating to help consumers with soft credit histories who are looking to drive for programs such as Uber and Lyft. On Tuesday, HyreCar, the carsharing marketplace for ridesharing, announced that it has launched a free credit repair program for new rideshare drivers in New Jersey and Pennsylvania in […] [Read More]

Consumers in search of a sedan to serve as reliable transportation might be able to secure quite a lease deal in December, according to the latest update from Wantalease.com shared this week. Site analysts indicated Ford and Volkswagen are offering the most generous discounts on their entry midsize cars, while most luxury vehicles and midsize […] [Read More]

After seeing data from the Federal Reserve, Swapalease.com expected its vehicle-lease transfer approval rate to improve in October. Site officials determined lease credit applicants registered a 70.9 percent approval rate in October, a slight rise from the September rate of 69.8 percent. The year-over-year improvement was much more robust as Swapalease.com mentioned just 55.6 percent […] [Read More]

Ally Financial has jumped into NASCAR, partnering with Hendrick Motorsports and linking up with one of the sport’s most recognizable and successful figures. Ally will be the primary sponsor of Jimmie Johnson’s No. 48 Chevrolet Camaro ZL1 team for the entire 2019 and 2020 seasons. Johnson has won seven NASCAR Cup Series championships, tied with […] [Read More]

Dealers hailing from the land of the Midnight Sun and harsh winters now can offer their customers extra protection to help vehicles last longer. On Thursday, Preferred Warranties (PWI), a business unit of KAR Auction Services, announced the company’s expansion into Alaska. In Alaska, PWI has partnered with American Auto Shield to offer a broad portfolio of […] [Read More]

Leaves are falling, as is the approval rate for vehicle lease transfers. And the volume of applicants is cooling, too. On Tuesday, Swapalease.com reported that vehicle lease credit applicants registered a 69.8-percent approval rate in September. That reading represented a 3.9-percent drop from the August rate of 72.6 percent. Site officials acknowledged that lease approvals […] [Read More]

Consider this episode of the Auto Remarketing Podcast a preview of what’s to come during Used Car Week 2018. Joining Nick for this edition are representatives from two presenting sponsors — Anne Holtzman of Allied Solutions and Jeremiah Wheeler of DRN — who offer a glimpse of their presentations focused on how watching insurance data […] [Read More]

Online marketplace Shift, which last month announced a series D fundraising round led by Lithia Motors as well as a partnership with the dealer group, has quadrupled its floorplan capacity thanks to a new credit line for buying used cars. And with this news also comes more good news for Shift: Lithia has acquired more […] [Read More]