Repo Remarketing selected Vendor Transparency Solutions this week as an online portal compliance monitoring platform. With the importance on detailed compliance, officials highlighted that VTS offers a platform to serve present and future needs of the industry and aligns Repo Remarketing for the protection and benefit of its many partners. “Legal, compliance and the Consumer […] [Read More]

Leasing penetration is thought to have reached its highest level of the year last month and could get even stronger before 2013 is over, said Edmunds.com senior analyst Jessica Caldwell. Specifically, it was forecasted that lease penetration was at 26.2 percent in November, up from 26.0 percent in October and 24.9 percent in November 2012, […] [Read More]

Spokespersons from both Ally Financial and General Motors didn’t offer specifics on Wednesday in reaction to a report that the automaker is planning to sell off its remaining stake in the vehicle finance company. A host of media outlets cited a report by the Wall Street Journal  that quoted anonymous sources who said GM intends […] [Read More]

On Tuesday, Auto Remarketing recapped the findings of a NADA Used Car Guide whitepaper that measure the disparate impacts on used-vehicle prices from various incentive types. Today, we take a look at overall incentive spending by the largest automakers, as detailed by TrueCar.com. It found that the industry spent $2,507 on incentives per vehicle in […] [Read More]

A recent analysis of prices on today’s most popular car leases from Swapalease.com revealed that the Ford Fusion and Escape have the second- and third-highest jump in prices, respectively, during the past 12 months. The site discovered monthly lease prices on the Escape have risen 13.0 percent since November of last year, climbing from $313.29 […] [Read More]

Vendor Transparency Solutions and Weltman, Weinberg & Reis Co., are hosting their final free webinar of the year for lending institutions and their contracted service providers. To help companies maintain their fulfillment of federal regulations, attorney Michael Dougherty will present a session titled, “A Year in Review. Are You on the Road to CFPB Compliance?” […] [Read More]

The downward impact on used values from a $1,000 cash incentive on a new car is more than three times as high as the impact from a finance incentive of the same amount. And it’s more than six times as high as the value reduction from a $1,000 lease incentive. That’s according to the latest […] [Read More]

While staying at what analysts are calling manageable levels, TransUnion reported jumps in the auto loan delinquency rate on both a quarterly and yearly basis. TransUnion indicated the ratio of borrowers 60 days or more delinquent on their auto loans increased to 1.04 percent in the third quarter. The level marked a rise from the […] [Read More]

The J.D. Power 2013 U.S. Consumer Financing Satisfaction Study showed that those initial steps in the F&I process determine which companies score high marks with consumers and which ones do not. According to the study released on Monday, lenders that provide excellence in the servicing and onboarding experiences from the beginning of the loan or […] [Read More]

National Auto Care Corp., an administrator of vehicle service contract programs, said today its merger with Family First Dealer Services, a company whose core focus is on providing unique F&I product offerings, has been completed. As announced earlier this month in Auto Remarketing, NAC was selected to be the administrator of CarMark Certified, a warranty […] [Read More]