Triggered in part by online vehicle retail sales activity gaining steady momentum, Assurant made a $2.5 billion acquisition of The Warranty Group, which works with more than 5,600 dealerships selling F&I products such as vehicle service contracts and GAP insurance. Assurant highlighted in a news release announcing the move on Wednesday that The Warranty Group’s […] [Read More]

AutoGravity has expanded its dealer network development program with the appointment of Chuck Schofield as new vice president of dealer sales, the company announced Tuesday. Schofield most recently served as western region senior manager for Mercedes-Benz Financial Services where he managed the U.S. finance products and services sales unit and cultivated relationships with Mercedes-Benz and […] [Read More]

LeasePlan USA recently named Anthony Fina the new vice president of business development in the Northeast region to replace Gerry Tellier, who was promoted to senior vice president of business development – east. “Gerry has been successful in his territory over the years, rising to the top as a true leader,” said Ricardo Fonzaghi, chief commercial […] [Read More]

JM&A Group announced Thursday that it has promoted Gavin Tennant to vice president of customer services and Mark Barovich to assistant vice president of portfolio risk management and actuarial services. Tennant most recently lead the company's redesigned dealer portal initiative called Dealer Source. In his new role, he will oversee all claims and customer service […] [Read More]

Jeremiah Wheeler, vice president of financial services at DRN, returns to the Auto Remarketing Podcast, as Nick hosts a discussion about the impact technology is having on vehicle repossessions. We also touch on the special segments at Used Car Week that include Jeremiah and DRN, which is the presenting sponsor of Auto Fin Con. Check out the conversation below. […] [Read More]

Amid changing car ownership models, autonomous vehicles, digital retailing and other innovations, there’s another area of automotive that’s perhaps ripe for disruption: the leasing process. Including, but not limited to, the used-car side of that business. Fair, for instance, is an app that provides used-car leasing to consumers on a flexible basis, and launched last […] [Read More]

The National Automobile Dealers Association recently rolled out a resource for members to help stores leverage vehicle leasing in a way that results in happy customers and compliant deliveries. In light of the vehicle leasing business reaching an all-time high in 2016 with 4.3 million new units being leased, NADA said consumers are still leasing new […] [Read More]

MUSA Auto Finance said its platform now offers capability that separates it from any captive or other provider specializing in leasing of new and pre-owned vehicles, especially for customers who already have strong credit backgrounds. MUSA Auto Finance announced this week the launch of automated decisioning for leases submitted through Dealertrack, RouteOne or its online portal. […] [Read More]

Auto Remarketing confirmed on Wednesday that Uber is out of the vehicle-leasing business. Based in part by what reportedly has been heavy residual value losses, an Uber spokesperson said the Uber will cease Xchange Leasing, the platform where drivers could lease vehicles and maintain monthly payments by serving as a driver for the online company. […] [Read More]

Innovative Funding Services president Tim Janssen, who founded the company in 2007, is retiring from his post on Jan. 1, the company said in a news release.  Chad Shoemaker, who is currently chief executive officer of IFS, will add the role of president to his title. Janssen managed the role of vice president of business […] [Read More]