David Ruggles 64, Male Las Vegas United States: Like

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David Ruggles posted a blog post

Henry Ford – A Documentary

Public Broadcasting Service PBS Premiere of American Experience Presents Henry Ford Tuesday, January 29th, 2013 9:00 – 11:00 PM on PBS – A ReviewHenry Ford changed the world with his assembly line method of auto assembly, patterned after processes he observed in the meat packing industry. One might think there is nothing new to be learned about the man, his life, and his legacy. And perhaps there isn’t. But I have never found such a wealth of information and insight in one place as in this…See More

Jan 23

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David Ruggles posted a blog post

'Velocity Overdrive, The Road to Reinvention' – Book Review

Dale Pollak’s third book, “Velocity Overdrive,” is another winner and is must reading for Dealers and any student of the auto business. That includes auto manufacturer executives.Dale’s ability to put into words the changes the industry has been experiencing has helped hundreds, if not thousands, of Auto Dealers, both new and used. He has rightfully pointed out that the delivery of information via the Internet has brought “efficient market” economic principles to the pre-owned business in…See More

Jan 22

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David Ruggles commented on Nikki Mascali's blog post Nissan, Subaru Reluctant to Go 84-Month Loan Distance

"At Auto Financial Group we'd like to see more consumers take advantage of credit union balloon financing, which shortens term while also lowering payment. A 48 term balloon payment provides a consumer with a lower monthly payment, or more…"

Dec 6, 2012

David Ruggles liked Nikki Mascali's blog post Nissan, Subaru Reluctant to Go 84-Month Loan Distance

Dec 6, 2012

David Ruggles replied to Marcie Belles's discussion The Cash-Back Lease in the group Marketing Ideas

"Speaking of "Cash Back:" One of the best advertising lines ever when pitching lease payments is "Cash Back In Your Hand for the Equity in Your Trade!" "

Feb 27, 2012

David Ruggles left a comment for Matt Traylen

"Matt, When did you join TMCC? Good to see you in a good spot!!!!"

Feb 21, 2012

David Ruggles commented on Marcie Belles's event NVLA Conference

"This is ALWAYS an important event! If one is connected to the residual based financing business in any way, don't miss it."

Feb 21, 2012

David Ruggles is attending Marcie Belles's event

NVLA Conference at Renaissance Worthington Hotel

April 23, 2012 to April 25, 2012

This event brings together the vehicle leasing industry for education, networking and an opportunity to meet with exhibitors who have products and services that support the industry.See More

Feb 21, 2012

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Profile Information

First & Last Name: David Ruggles

Corporate Title: Partner

Company: CyberCalc Arbitrage

Company Description: http://www.cybercalc.com/

City, ST: Las Vegas NV

David Ruggles's Blog

Henry Ford – A Documentary

Posted on January 23, 2013 at 4:00pm 0 Comments 0 Likes

Public Broadcasting Service PBS Premiere of American Experience Presents Henry Ford Tuesday, January 29th, 2013 9:00 – 11:00 PM on PBS – A Review

Henry Ford changed the world with his assembly line method of auto assembly, patterned after processes he observed in the meat packing industry. One might think there is nothing new to be learned about the man, his life, and his legacy. And perhaps there isn’t. But I have never found such a wealth of information and insight in one place as…

Continue

'Velocity Overdrive, The Road to Reinvention' – Book Review

Posted on January 22, 2013 at 11:00am 0 Comments 0 Likes

Dale Pollak’s third book, “Velocity Overdrive,” is another winner and is must reading for Dealers and any student of the auto business. That includes auto manufacturer executives.

Dale’s ability to put into words the changes the industry has been experiencing has helped hundreds, if not thousands, of Auto Dealers, both new and used. He has rightfully pointed out that the delivery of information via the Internet has brought “efficient market” economic principles to the…

Continue

Used Vehicle Leasing? Alive and Well through Select Credit Unions.

Posted on February 25, 2010 at 12:08am 0 Comments 0 Likes

For the last few years I have been engaged in pre-owned vehicle leasing, at least until there were no independent POL lenders left. When U.S. Bank pulled out of the pre-owned leasing space in 2008 my initiatives were shut down. The only lenders left were the high line captives primarily supporting their CPO initiatives. At least that is what I thought. Imagine my surprise when I found out about the credit unions engaged in pre-owned leasing through an organization called CULA, for Credit Union… Continue

Triple Whammy

Posted on July 15, 2009 at 1:14pm 4 Comments 0 Likes

Vehicle sales in the U.S. are suffering from a “Triple Whammy!

First, the economy has tanked and the unemployment statistics are brutal. Everyone is aware of this. Unemployed folks and folks worried about becoming so are not eager consumers.

Second, the credit system has collapsed along with many folk’s credit score. Before the meltdown over 30% of Americans possessed a credit score in excess of 720. These days, it is anyone’s guess, but with recent events it is unlikely… Continue

July Ruggles Report

Posted on July 8, 2009 at 7:46pm 0 Comments 0 Likes

I Was Wrong! But Don't Tell My Wife I Admitted It!

I predicted that Chapter 11 bankruptcy for Chrysler and GM would cause chaos and linger for years. Well, I was right about the chaos part. Little did I know what can happen when the government is the driving force behind a Section 363 sale in a Chapter 11, and how much influence the provider of Debtor in Possession financing has - especially when they also happen to be the government.

I do, however,… Continue

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At 12:22pm on October 5, 2010, Glenn S. Gottfried said…: David,

It is my hope that 2010 ends well for you, your organization and our industry. I would like to introduce you to my company, GripFin, Inc., which provides advisory and investment services to auto portfolio buyers and sellers of all sizes and credit spectrums. I would appreciate your visiting my profile and inviting me to become your friend. Thanks, Glenn Gottfried, CEO, GripFin, Inc.

At 5:36pm on August 11, 2009, David Pilcher said…: Hi Dave. Actually I was interested in the Auto finance conference in October. The registration fee is a bit stiff, but I requested that look at a lower threshold for dealers. We will see how they respond. I will be attending the NRC Nov 2 in red rock for sure.

At 6:45pm on March 19, 2009, JJ Hornblass said…: Dave, glad you liked the piece Boaz and I wrote on systemic risk. We worked hard on it.

At 12:34pm on December 16, 2008, Adam M. Berger said…: They sure are...thankfully. We hold quite a bit of our fleet business in-house, but the broker business has been dicey and North Shore has been a steady ship.

At 11:56am on December 16, 2008, Adam M. Berger said…: David -- good to run into you here. Please let me know how we can help you.
Adam Berger , Doering Leasing Co.

At 5:09pm on September 12, 2008, JJ Hornblass said…: I agree. It is just that every time it seems as though the residual risks are under control, or purported to be under control, they go haywire. That is why the passion for the product has dissipated. After the great residual-value debacle of the late 1990s -- remember all those writedowns? -- the guidebooks stocked their rolls with quants and PhDs, and banks said that they would stick more closely to the residual values set by the guidebooks and avoid custom valuations. But even the banks that have operated "prudently" have gotten stung this time around. The miss on SUVs and trucks has hurt mightily. One bitten, twice shy, right?

At 4:36pm on September 12, 2008, JJ Hornblass said…: David, thanks so much for posting a comment to my page!

Today leasing is viewed as a broken business. Banks have never been enamored with the product, which invariably forces them into the remarketing business. They are bankers, after all, not movers of inventory. And now that the captives are souring on leasing, the overall perception of leasing as a bad business has amplified.

I don't see a resolution to this situation until 1) the lease supply declines, which would allow for more liberal pricing; and 2) vehicle prices stabilize, because the current fluctuations in valuation, particularly for SUVs, have spooked lessors -- insurance or not.

What do you think?