NAFA Pioneering Fleet Sustainability Program
NAFA is developing a program which will encourage increased efficiency and reduced emissions and fuel use among vehicle fleets. Developed in conjunction with CALSTART, the NAFA Sustainable Fleet Standard Program is one of its kind.
“The importance of sustainable practices becomes more evident each day,” said NAFA President Claude T. Masters, CAFM. “By becoming more energy independent and efficient our members will extend benefits to their bottom line and their customer base.”
Advantage Funding Bring Lease-Here Pay-Here Program to Market
Advantage Funding is offering a new funding program to help dealerships expand customer financing by reducing roadblocks to credit approvals. Advantage Funding’s lease-here, pay-here program will help remove hurdles across the country for dealers to serve the subprime lending space. Access to capital is the largest hurdle for dealers serving subprime customers, said Ed Kay, president of Advantage Funding, at the National Vehicle Leasing Association conference in Tucson, Ariz. Advantage Funding worked with LHPH, LLC, a San Diego-based lease service provider, to develop a dealer finance model that is profitable and easy for dealers to use.
Xcira Comments on its Contributions to Auction Technologies
Auction industry technology leader Xcira released a statement on its contributions to the auction industry. Its pioneering run with innovation began in 2000 with its first patent that enabled individuals to participate in live auctions from remote locations through internet portals. Xcira’s solution to challenges faced by bidding came through its Automatic Condition Evaluation System (ACE), which gives remote audiences the ability to look at and evaluate a vehicle from a variety of sources not available on the auction floor; its OnLine Ringman has been a more recent offering in auction services with its live audio and video technology.
Retail Used Vehicles Sales Ended Month on Strong Note
Art Spinella President CNW Research March ended much better than had been expected for used vehicle sales in CNW Research’s latest Retail Automotive Summary. Spinella’s March sales figure report saw volumes increase more than 50% over weather-impacted February. That jump happened across all three used retail channels – Franchised, Independent, and Casual sales. Year-over-year, retail […]
Harsh Winter Didn’t Hurt Used Vehicle Values
Tom Webb Chief Economist Manheim Consulting While weather conditions were harsh in sections of the US earlier this year, used vehicle values increased during Q1. The Manheim Used Vehicle Value Index increased 2.2% during the quarter and was 3.3% higher than a year ago. Tax refunds in late March were up 3% over last year, […]
