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
4 questions with Equifax’s Lou Loquasto
Monday, Aug. 15, 2016, 08:32 PM
Auto Remarketing Staff
In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Lou Loquasto, auto finance leader at Equifax. Auto Remarketing: What’s your assessment of how much momentum leasing […] [Read More]
4 questions with NABD’s Ken Shilson
Monday, Aug. 15, 2016, 08:27 PM
Auto Remarketing Staff
In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Ken Shilson, president and founder of the National Alliance of Buy-Here, Pay-Here Dealers. Auto Remarketing: What are the […] [Read More]
4 questions with Tony Hughes of Moody’s Analytics
Friday, Aug. 12, 2016, 05:41 PM
Auto Remarketing Staff
In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Tony Hughes, the managing director of credit analytics at Moody’s Analytics. Auto Remarketing: Generally, does the investment community find […] [Read More]
July lease approvals sink to year low
Thursday, Aug. 11, 2016, 03:33 PM
Nick Zulovich, Staff Writer
While Fitch Ratings said U.S. auto lease ABS residual performance is still producing gains overall through mid-summer despite rising used-vehicle supplies, this week’s update from Swapalease.com about lease approvals wasn’t so positive. In fact, Swapalease.com reported that the 58.3 percent approval rate for vehicle lease credit applicants in July represented the lowest single-month tally so […] [Read More]
CFPB debt collection proposal called most significant change in 30 years
Wednesday, Aug. 10, 2016, 06:10 PM
Auto Remarketing Staff
Re3 Conference panel discussion moderator and Intellaegis president John Lewis needed some time to comb through the debt collection regulation proposal released by the Consumer Financial Protection Bureau about two weeks ago. While much of the CFPB’s latest material is geared toward third-party collections, Lewis cautioned repossession companies that are already struggling to maintain compliance […] [Read More]
Fitch notices auto lease ABS residuals gaining hold
Tuesday, Aug. 9, 2016, 06:40 PM
Auto Remarketing Staff
Fitch Ratings took another look at the impact rising wholesale supply is having. This week, analysts explained U.S. auto lease ABS residual performance is still producing gains overall through mid-summer despite rising used-vehicle supplies. However, Fitch indicated further increases in vehicle supply during the second half of this year and into 2017 could lead to […] [Read More]
Off-lease helps big CPO push
Tuesday, Aug. 9, 2016, 03:43 PM
Joe Overby, Senior Editor
The amount of off-lease inventory flowing into Kia’s certified pre-owned program will likely double this year. That’s proving fruitful for a brand that just finished its best two months ever for CPO sales. And, most likely, the CPO market as a whole. In July, Kia moved 7,007 certified units for a 20.6-percent year-over-year gain, according […] [Read More]
4 questions with AUL’s Jimmy Atkinson
Monday, Aug. 8, 2016, 08:39 PM
Auto Remarketing Staff
In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. First up in this series is Jimmy Atkinson, chief operating officer at AUL Corp. Auto Remarketing: What is the current consumer appetite for […] [Read More]
6 principles to boost recovery compliance
Wednesday, Aug. 3, 2016, 06:46 PM
Auto Remarketing Staff
In the first part of his series, Intellaegis president John Lewis offered three suggestions on creating a mock audit to prepare for a potential examination by the Consumer Financial Protection Bureau. To wrap up the blog endeavor for SWBC, a diversified financial services company that has interests in the automotive world along with insurance, mortgage […] [Read More]
Incentive spending puts industry on ‘unhealthy path’
Tuesday, Aug. 2, 2016, 07:36 PM
Sara Schweiger, Staff Writer
The average per-vehicle amount automakers spent on incentives in July was up 12.5 percent over a year ago, leading some to wonder if we’re heading into dangerous territory. “The sky isn’t falling yet,” said Alec Gutierrez, senior analyst for Kelley Blue Book, “but we are on an unhealthy path." Gutierrez was speaking during a conference call […] [Read More]