George W. Bush was not even two full years into his first term as president the last time off-lease volume hit a true peak. That was 15 years ago and the auto industry has gone through, shall we say, a bit of change since then. Off-lease volumes that year were just under 3.5 million units, […] [Read More]

When it comes to lease search activity in the fourth quarter, Hyundai and Subaru showed the most growth, according to Swapalease.com, with GMC highlighting activity for the domestics. Searches for Hyundai on the car lease marketplace website were up 25 percent from the third quarter, while Subaru’s traffic was up 15 percent. GMC, with a […] [Read More]

LeasePlan USA announced a new president and chief executive office on Monday, appointing former GE Fleet Services executive Jeffrey Schlesinger to the position. Schlesinger has 30 years of experience in the financial services sector, including the past eight in fleet leadership. His most recent post was senior vice president and managing director of GE Fleet […] [Read More]

There were a record 4.3 million vehicles leased last year, according to an Edmunds report, which said 31 percent of new-vehicle sales in 2016 were leases. Lease volume has climbed 91 percent over the past five years, and lease penetration — like lease volume — has been on the rise since 2009, but look for […] [Read More]

Even with about two weeks to consider it, Swapalease.com executive vice president Scot Hall still couldn’t remember when an automaker and its captive finance company decided to cut back on new-model leasing activity without dramatic conditions being in place. “I’m not saying it’s never happened, but I don’t recall this ever being announced by a […] [Read More]

According to Black Book data, the average price of a used vehicle for model years 2011 through 2015 depreciated by 1.5 percent in January. Editors determined cars posted an overall depreciation rate of 1.8 percent, while depreciation for trucks produced a rate of 1.4 percent. Black Book calculated that all vehicles are averaging a 12-month […] [Read More]

At GSFSGroup, Jeff Parent succeeds Steve Amos as president, who retired last week after a tenure of nine years. During his leadership, Amos championed the launch of eContracting and Dealer Executive Dashboard, a flexible online data solution to help maximize dealer profitability,  the provider and administrator of F&I products and reinsurance structures for the auto […] [Read More]

Payment technology and services provider BillingTree recently appointed former SunTrust and FactorTrust executive Barton “Chip” Bright as general counsel and chief compliance officer. The company said Bright will lead the compliance and risk teams at BillingTree which monitor not only internal compliance concerns, but also ensure customers in all markets have the tools to remain […] [Read More]

There will likely be a record 3.6 million off-lease vehicles this year, according to Manheim’s 2017 Used Car Market Report. “And that’s not even close to the peak,” Cox Automotive Inventory Solutions president Janet Barnard said during a press conference here at the NADA Convention & Expo. That, she said, will happen in 2020, when […] [Read More]

Much of the CEO panel discussion during the Vehicle Finance Conference hosted by the American Financial Services Association revolved around underwriting, originations, compliance and other matters associated with a finalized retail installment contract needed for delivery at the dealership. However, moderator Charlie Vogelheim, who is the host at Motor Trend Audio and a partner at TPC […] [Read More]