In an effort to sharpen the debt-collection process, ACA International’s research department dissected 14,328 complaints received by the Consumer Financial Protection Bureau during a nine-month span and found five similar conclusions to a previous endeavor conducted last November. The latest analysis stemmed from data collected between July of last year and February of this year […] [Read More]

Here is one of a few notions about leasing that Edmunds.com chief economist Lacey Plache dispels in a recent analysis: it’s just for luxury vehicles. Plache discusses the “mainstream” movement by the leasing market in recent years in a recent post to the website and in doing so, sheds a new light on what many […] [Read More]

In a recent post to the AutoEconomy trends section of Edmunds.com, Lacey Plache — the site’s chief economist — dispels some of the commonly held notions about leasing, and in doing so, illustrates how it has gone “mainstream,” as the title of the post would indicate. And it’s likely to become even more popular in […] [Read More]

In addition to having one of its models make the list of most-popular used vehicles, Subaru made some waves on the new-car side in February, according to Kelley Blue Book, which said this likely indicates some traction with its latest advertising campaign. Three Subaru models were among the 25 most-researched new vehicles on KBB.com last […] [Read More]

Off-lease volumes are likely to climb significantly this year, causing some concern in the industry about a downward impact on residuals. But as Manheim chief economist Tom Webb outlined in his dissection of a few leasing “facts” and “opinions” during a press conference at the NADA Convention & Expo, 2014 shouldn’t necessarily be the focal […] [Read More]

On Monday, Primeritus Financial Services named a new member of its management team, announcing its general counsel and chief compliance officer. Accepting the role is Chris Kato, who comes to Primeritus with an extensive background in corporate law spanning a wide variety of practice areas.  Kato most recently served as vice president and lead counsel […] [Read More]

Organizers of the sixth annual North American Repossessors Summit, an industry conference hosted by the American Recovery Association and Time Finance Adjusters, revealed who will be returning to this month’s event; this time as the keynote speaker. Giving the keynote for NARS 2014 will be Michael Dougherty, the managing partner of Weltman, Weinberg, & Reis. […] [Read More]

Experian Automotive reported today that more consumers are choosing to lease vehicles, bringing the share of new vehicles financed with a lease to its highest level since the company began publically reporting the data in 2006. According to its latest State of the Automotive Finance Market report, Experian Automotive found that 28.4 percent of all […] [Read More]

Last month was a challenging one for the used-car market, as total sales lagged 1.3 percent behind year-ago figures and fell more than 12 percent from January, according to CNW Research. Overall, there was a combined 2.06 million used vehicles sold in February by franchised dealers, independent dealers and private parties. Franchised dealers sold 729,163 […] [Read More]

The combined entity of National Auto Care Corp. (NAC) and Family First Dealer Services (FFDS), a leading administrator of vehicle service contract and ancillary products and programs including CarMark Certified, announced the appointment of its new vice president of finance. Taking on this role is Ryan Schumacher who will lead many of the financial management […] [Read More]