EFG launches program that guarantees PRU increase for dealers
Tuesday, Sep. 24, 2024, 03:21 PM
Dave Cantin Group sells its first-time dealer programs to Biltmore, turns focus to large dealer groups
Tuesday, Sep. 17, 2024, 02:09 PM
PODCAST: Autotech Ventures partner Burak Cendek
Monday, Sep. 9, 2024, 11:37 AM
Financial
EFG commentary: Another turn of the screw by the CFPB
Wednesday, Sep. 20, 2017, 06:21 PM
Steve Roennau , EFG Companies
On July 10, the Consumer Financial Protection Bureau (CFPB) issued a rule banning companies from denying arbitration to groups of people. And, if everything passes, the law should go into effect in September. For auto retail dealers and lenders, this change is just one more turn of the screw clamping down on the ability to […] [Read More]
AFC launches zero percent floor-plan deal for TradeRev users
Tuesday, Sep. 19, 2017, 04:26 PM
Auto Remarketing Staff
For dealers who still might be a bit apprehensive about buying vehicles online, Automotive Finance Corp. and TradeRev rolled out a new incentive. AFC and TradeRev on Wednesday announced what they called an “unprecedented” promotion aimed at encouraging dealers to “go digital.” The promotion allows dealers to pay no AFC floorplan financing fees and zero percent […] [Read More]
Silverstein retiring from Ford after 35 years with automaker
Wednesday, Sep. 13, 2017, 08:29 PM
Joe Overby, Senior Editor
After 35 years with the automaker, Linda Silverstein — Ford’s general manager of remarketing and rental operations — is retiring. A pillar of the used-car industry, Sept. 29 is the last day at Ford for Silverstein. She has led the automaker’s remarketing since October 2002 and headed its rental operations since January 2007. Asked […] [Read More]
August lease-transfer approvals nearly reach ‘healthy’ status
Wednesday, Sep. 13, 2017, 03:56 PM
Auto Remarketing Staff
Lease transfer approvals in August nearly hit what Swapalease.com classifies as “healthy.” The site reported on Wednesday that vehicle lease transfer credit applicants registered a 68.3 percent approval rate for August, just shy of that “healthy” mark that Swapalease.com pegs at 70 percent. Analysts pointed out the credit approval rate for August saw a noticeable […] [Read More]
Podcast: John Giamalvo of Equifax
Wednesday, Sep. 13, 2017, 03:41 PM
Auto Remarketing Staff
Nick is back to handle hosting duties as this episode features John Giamalvo, the vice president of dealer services at Equifax. Their conversation touches on how dealers are enhancing their financing processes both before and after vehicle delivery. Check out the conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play. You can also […] [Read More]
Podcast: Serge Vartanov of AutoGravity
Thursday, Sep. 7, 2017, 05:40 PM
Auto Remarketing Staff
We are back in the studio this week. And in this episode, Joe chats with Serge Vartanov, chief marketing officer of AutoGravity, one of the key players in fintech and digital disruption in auto finance. Check out their conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play. You can also listen to the […] [Read More]
AUL Corp. named one of North Bay’s ‘best places to work’ 4th consecutive year
Thursday, Aug. 31, 2017, 08:27 PM
Auto Remarketing Staff
The North Bay Business Journal has named AUL Corp. one of its ‘Best Places to Work in the North Bay’ for the fourth consecutive year. The award recognizes companies that embody quality, professionalism, respect, fairness, pride and camaraderie, according to how their own employees' rate them. AUL and other award recipients were selected based on over 8,200 […] [Read More]
LeasePlan USA appoints new regional VP
Monday, Aug. 28, 2017, 05:25 PM
Auto Remarketing Staff
LeasePlan USA recently announced that it has expanded its business development team with the appointment of Mike Camnetar as regional vice president. Camnetar most recently served as director of fleet partnerships at Element. In his new role, Camnetar has been tasked with partnering with national and multinational companies and seeking results-driven fleet management solutions in […] [Read More]
Just 3 brands see lift in Q2 lease-transfer traffic
Tuesday, Aug. 22, 2017, 02:53 PM
Auto Remarketing Staff
When it comes to consumers taking over someone's vehicle lease contract, they appear to be pretty particular about which brands they are considering. According to its quarterly lease trends report for the second quarter released on Tuesday, Swapalease.com discovered only three badges increased in search traffic from the first quarter. That group included Infiniti, Ram and […] [Read More]
VSC penetration forecast into 2024
Friday, Aug. 18, 2017, 02:36 PM
Auto Remarketing Staff
Colonnade Advisors offered quite a bullish forecast for the penetration level of vehicle service contract purchased by consumers that should make F&I managers and VSC providers smile now and seven years down the road. The boutique investment bank and registered broker dealer providing investment banking services to F&I firms and other financial services companies released […] [Read More]