Proposals now are sitting before committees within both the New York Assembly and Senate that would restrict the use of license plate recognition technology only for law enforcement outlets, not for private businesses such as repossession agencies that might be involved in the recovery process for an auto finance company. Action in the Empire State’s […] [Read More]

Beepi announced Wednesday that its used-car leasing program has officially gone live and is now available in each of the company’s 16 markets. That includes Houston, which Beepi added to its roster this week.  As reported earlier, Beepi is offering the leases through the Ally Pre-owned SmartLease product launched in late March. “Beepi is all about […] [Read More]

J.D. Power has a buyer. McGraw Hill Financial said in a news release Friday afternoon it has reached a definitive agreement to sell that business unit to global alternative investments firm XIO Group. The cash deal would be $1.1 billion. The deal is expected to close in the third quarter. “We are very pleased with this […] [Read More]

Swapalease.com reported on Thursday that lease credit approvals are lower again after a hike in February levels. Site officials indicated lease credit approvals for March finished at 66.7 percent, down from the February mark of 70 percent. The site suspected that lease credit approvals may be falling back into the trend of late 2015, with […] [Read More]

Experian Automotive’s latest State of the Automotive Finance Market report pinpointed the 10 states with the highest rates of 60-day delinquency after the fourth quarter as well as the 10 states where delinquency to the point where repossession is necessary are the lowest. The two states tied for the highest 60-day delinquency rate each posted […] [Read More]

Creeping up. Forms of that phrase were used by both Kelley Blue Book and Jonathan Banks of NADA Used Car Guide to describe the current state of new-car incentives. And one area, in particular, could be an interesting spot for the industry, if not done right: lease incentives. While a “throwback” vibe is in full […] [Read More]

Fleurette Runyan from Consolidated Asset Recovery Systems (CARS) plans to answer four important questions during a free webinar the company is hosting at two different times next week. CARS’ director of sales for the central U.S. indicated many auto finance companies and other clients are curious about market averages for repossessions and other services. So […] [Read More]

Experian Automotive revealed a study on Friday indicating that leasing as a financing option for new vehicles has grown 76 percent since the company began publicly tracking the data in 2008. Additionally, the study determined the upward trend of leasing has resulted in a rising surplus of vehicles coming off lease. In fact, according to […] [Read More]

A central theme to a special edition of the Used Vehicle Market Report from Edmunds.com released today   — and the 2016 used-car market, in general — is the heavy amount of cars coming out of leases. There are several tentacles to this off-lease surge. For one, it represents a steady stream of vehicles ideal for […] [Read More]

Along with additional details about the volume coming out of Florida, the Consumer Financial Protection Bureau released its latest monthly consumer complaint snapshot this week, focusing on debt collection coming on the heels of a special report on collections involving servicemembers. The newest information from the CFPB indicated that the most common debt collection complaint […] [Read More]