Among the most notable are the Ford Ranger, with a +14.86% increase from November, the Chevrolet Traverse with a +14.65% increase, and the Honda Pilot with a +11.15% increase. The Ford Ranger is offered at a payment of $325 per month, the Chevrolet Traverse is priced at $329 per month, and the Honda Pilot is also priced at $329 per month.

Other SUVs with payment increases include the Ford Expedition, Cadillac Escalade, Lexus RX, and Infiniti QX80. The Expedition increased by +6.52%, the Escalade increased by +5.46%, the RX increased by +1.92% and the QX80 increased by +1.59%.

The Nissan Sentra is currently priced the lowest of all vehicles, coming in at just $149 per month.  The Sentra has held steady at the same payment for the past four months. The vehicle with the largest discount in December was the Cadillac CT5, with a decrease of -17.47%, bringing monthly payments to $349.

 “We anticipate that manufacturers will be holding steady on new lease payments despite the uptick in demand for new vehicles,” said Scot Hall, Executive Vice President of Wantalease.com.  “With the biggest shopping holidays of the year quickly approaching, its possible manufacturers may have increased prices entering December to make promotional offers seem more attractive to holiday shoppers.”

Other vehicles that experienced payment decreases for the month of December include the Audi A3, the Toyota Corolla and the Volkswagen Jetta. The A3 decreased by -11.26%, bringing monthly payments to $294 per month, the Corolla decreased by -7.56% bringing monthly payments to $189 and the Jetta decreased by -4.07%, bringing payments to $229 per month.

Wantalease.com is a sister marketplace to Swapalease.com, the nation’s largest online marketplace for leases.

The post Lease Payments Rose in December, Will the Trend Continue? appeared first on DealershipNews.com.

• Overall daily digital advertising spending is up 8% in November
• Average daily spending on social is up 97% in November
• Average daily spend on video is up a whopping 162% in November

How are dealer advertising trends different today versus pre-pandemic?

• Legacy media mix modeling is no longer relevant and dealers are shrinking their appetite for traditional ad buys in favor of newer digital advertising platforms.
• Being nimble and geo-focused are more important than ever.
• Customer expectations have changed. Online retailing is now becoming the “new normal” and many customers are quickly adapting to a digital experience of car shopping. As such, advertising and engaging with customers online is also becoming more important.

The post PureCars Analysis of Car Dealer Digital Advertising Focus: End of ’20 vs Pre-Covid appeared first on DealershipNews.com.

Atlanta, GA, February 7, 2020 – Privacy4Cars, the first mobile process designed to help erase Personal Information from vehicle systems, and America’s Auto Auction, the largest independent auction group in North America, announced today a relationship to start offering a personal information deletion service to vehicle consignors, including OEMs, captives, banks and auto lenders, rental and business fleets, and dealers across America’s Auto Auction 23 locations.

“We are excited to partner with such a leader in the auto auction industry as America’s Auto Auction,” said Andrea Amico, founder of Privacy4Cars and renowned expert in vehicle privacy and cybersecurity. “We often see consignors bringing vehicles to auctions that still contain the previous drivers’ Personal Information stored in their electronic systems (garage door codes, home addresses, phone identifiers, contact lists, call logs, text messages, etc.) Now, thanks to this relationship, consignors can rely on America’s Auto Auction to dispose of the Personal Information stored in their vehicles, whether it’s to be compliant with internal record disposal guidelines, to provide peace of mind to their customers, or to meet the requirements of privacy and security of connected devices laws in a growing list of States.”

“It would be a mistake to underestimate how challenging it is to standardize and efficiently perform the clearing of the personal Information, said America’s Auto Auction Assistant Vice President, Matt Arias. “This is a manual process and there is nothing standard about the vehicles that are consigned.” Beyond his role at America’s Auto Auction, Arias leads the Auction Standards Committee at both the National Auto Auction Association (NAAA) and the International Automotive Remarketers Association (IARA) and is widely recognized as one of the world’s top expert in wholesale auction process engineering and operations. “We realized we needed a consistent method to efficiently clear all of the information. In short, we needed this tool. Privacy4Cars’ is the best solution” said Arias, “Not just because the operators get step-by-step directions on how to clear the systems, but also comes with detailed and on-demand records we can rely on to both provide proof of work to our consignors and operational metrics to efficiently run the process.”

Amico, who founded Privacy4Cars amidst growing frustration among remarketers with data privacy and automotive technology storing private information, said “We know from multiple studies what data is collected and how often is left behind. We also know may consignors are growingly frustrated by this issue and the associated risks and are looking at auctions to help. We also know that even skilled operators in single-make consignments have a hard time getting the deletion of the Personal Information right, vehicle after vehicle.” said Amico “Seeing one of the world’s largest auction chains embracing our patent-pending process is an incredible validation of what we do and the value we bring to the industry.” Arias chimed in: “This relationship with America’s Auto Auction and Privacy4Cars allows us to serve a growing number of auction guests who are already asking for the service, and sends a simple message to the rest of the industry: if you want to delete consumers’ personal non-public data, we are ready. Sync or sink!”

ABOUT PRIVACY4CARS
Privacy4Cars is the first mobile platform designed to help quickly and efficiently erase Personally Identifiable Information, including phone numbers, call logs, location history and garage door codes, from modern vehicles. Developed by a cybersecurity and vehicle privacy expert, Privacy4Cars provides visual step-by-step tutorials customized to your vehicle to quickly clear users’ personal information while building a compliance log. Privacy4Cars’ patent-pending process is available to consumers as a free download on iOS and Android devices, and to businesses in the auto space such as dealers, auto auction, fleets, manufacturers, and auto lenders and insurers as a subscription service. For more information, please visit: https://privacy4cars.com/

ABOUT AMERICA’S AUTO AUCTIONS
America’s Auto Auction offers a full spectrum of Dealers Services necessary to successfully complete the remarketing needs for both Buyers and Sellers. Founded in 2005, America’s Auto Auction is the largest and fastest-growing independent member of NAAA with 23 locations (and growing) across various states. America’s Auto Auction specializes in conducting wholesale auctions of automobiles from franchised new car dealers, fleet lease businesses and repossession companies to used car dealers and serves its consignors and dealers with a focus on service, efficiency, and technology. For more information, please visit:  http://www.americasautoauction.com/

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Media Contact:
John Sternal
Merit Mile
954-592-1201

The post Privacy4Cars & America’s Auto Auction Partner to Delete Personal Information From Vehicles appeared first on DealershipNews.com.

Rideshare is getting more expensive…

“Ridesharing services have completely transformed the way millions of people commute for both work and leisure, and will continue to grow in popularity especially in larger cities,”

Scot Hall
Executive Vice President of Swapalease.com

“However, from a personal finances perspective, even when taking parking, fuel and maintenance into consideration, the costs associated with leasing continue to be lower than Ridesharing as a primary mode of transportation.

If the media chatter proves true and these costs rise further, consumers will need to take a harder look when considering these options for personal transportation.”

Swapalease.com matches a person wanting out of their existing vehicle lease contract with a car shopper looking to take over a short-term vehicle lease. The marketplace has several thousands of cars and trucks available for transfer to anywhere in the continental U.S.

Media Contact:
John Sternal
Merit Mile for Swapalease.com
954-592-1201

The post Rideshare vs Leasing: Cost Breakdown appeared first on DealershipNews.com.

Leverages Black Book’s Machine-Learning Capabilities and OEM Build Data Integration To
Easily Verify Vehicle Trim and Installed Options

LAWRENCEVILLE, GA (June 19, 2019) – Black Book, known in the automotive industry for providing timely, independent and precise vehicle pricing information, announced today its latest solution for auto lending professionals – Asset Verification Tool, helping protect lenders against vehicle misrepresentation by providing insight on vehicle trim and equipped options.

By confirming the trim and options on a given vehicle, a lender can be confident in the calculated Loan-to-Value (LTV) ratio. An accurate LTV helps mitigate risk throughout the loan lifecycle and ensures the proper collateral value is used in risk assessment.

Asset Verification Tool from Black Book provides auto lenders with a trusted source for vehicle verification. With the click of a button, lenders can verify the trim level and options on the vehicle, preventing a fraudulent transaction in a more time-efficient manner. Black Book also provides the data included in Asset Verification Tool as an API for direct integration with automated approval systems or loan origination systems.

“We are excited to work with Black Book to enable industry-leading resources leveraging sophisticated data solutions that alert to red flags for lenders and minimize fraudulent loan opportunities,” said Jeff Haymore, President and COO of Flagship. “Asset Verification Tool from Black Book protects everyone involved, from the lender to the consumer and the dealer, with quick and easy collateral verification capability.”

Asset Verification Tool uses Black Book’s Enhanced Vehicle Matching (EVM), a precise VIN-level identification process powered by machine learning and OEM build data that matches 17-digit VINs to a single trim and any applicable add/deducts.

“Asset Verification Tool provides lenders the ability to verify trims and options in a single click, drastically reducing risk,” said Jared Kalfus, Executive Vice President, Revenue at Black Book. “With Asset Verification Tool, lenders can ensure accurate collateral representation and reduce time spent in manual verification processes.”

About Black Book

Black Book® is best known in the automotive industry for providing timely, independent and precise vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a Hearst company, and maintains offices in Georgia as well as the Canadian Black Book in Toronto. For more information, please visit BlackBook.com or call 800.554.1026.

The post Black Book Launches Asset Verification Tool to Reduce Loan Fraud appeared first on DealershipNews.com.