As interest rates make the parameters for financing a new vehicle less appealing, Autotrader spotted eight financing campaigns for certified pre-owned vehicles that makes these models potentially even more appealing. “Fall is typically a buyer’s market for auto sales,” said Brian Moody, executive editor for Autotrader. “Dealers are looking to move both new and used […] [Read More]

F&I Express now will operate as a wholly owned subsidiary of Cox Automotive after this announcement became public. Brian Reed, chief executive officer and co-founder of F&I Express, joined Nick for this episode of the Auto Remarketing Podcast to discuss how the acquisition came together and what it means for dealers and service providers. The […] [Read More]

Perhaps you know the name Fiserv. However, Charles Sutherland explains why the industry should get to know Firserv again — but now as Sagent Lending Technologies. In this episode of the Auto Remarketing Podcast, Nick connected with Sutherland, who is the chief product officer at Sagent Lending Technologies, to discuss how the company landed at […] [Read More]

AAA looked to explain that vehicle calculation dealerships and finance companies know well, but the average consumer might not understand — depreciation. While dealerships have their run lists from auctions, and finance companies have scorecards, a study released on Thursday from AAA pinpointed depreciation as the largest expense associated with purchasing a new vehicle, computing that […] [Read More]

Experian recently determined that the average lease payment originated during the second quarter rose $19 year-over-year to $431. And consumers appear to have the credit profile to handle such a commitment since Swapalease.com reported that vehicle-lease credit application rates continued to improve in August. Site officials shared on Tuesday that their August approval rate came […] [Read More]

Perhaps at least for a trio of nameplates, consumers are finding more attractive vehicle lease options via Swapalease.com than what franchised dealerships are presenting from captive finance companies. According to its second quarter report, Swapalease.com indicated search traffic for three OEMs that book a significant volume of leases — Mercedes-Benz, Volkswagen and Toyota — jumped […] [Read More]

He might be one of the most well-known individuals within the repossession and recovery industries. And it’s not just because of his stylish cowboy hat and boots. Alex Price, better known as the “Skip Guru” and director of risk solutions at Digital Recognition Network (DRN), sat down with Nick Zulovich for a conversation during this year’s […] [Read More]

Validating a customer’s income and other financial information is one of the most important parts of underwriting. Start-up company TurboPass, which is powered by FormFree, says its tool can eliminate the hassle and risk associated with traditional asset and net income verification. For this episode recorded during the annual conference hosted by the National Automotive Finance […] [Read More]

Finance companies often follow one of two paths to complete their repossessions. Some use the direct model to work exclusively with a repossession agent; others use the forwarding model and have a separate provider handle the repo and remarketing chores. ENDTRUST is looking to offer a blend of those two methods. In this episode of […] [Read More]

For this episode of the Auto Remarketing Podcast, Nick had the opportunity to learn more from a pair of experts at FICO who elaborated about the findings of the company’s first global survey on consumer perceptions of the automotive finance process. Included in the episode are Ken Kertz, senior director and practice leader of auto […] [Read More]