Once final tallies are sorted, lease penetration figures for November are likely to shake out at a level similar to recent months, according to Kelley Blue Book senior analyst Alec Gutierrez, who said in a sales day conference call on Tuesday that leasing could end up with a share as high as 28 percent to […] [Read More]

Skip-tracers and private investigators who are instrumental in vehicle searches when the contract goes into default have more information than ever at their fingertips. But a new survey from TransUnion TLOxp found the top priorities for these industry players include privacy regulations and big-data management. The survey — which included more than 1,600 private investigators […] [Read More]

Today’s monthly payment driven consumers are keeping leasing levels on an upward trajectory, as Experian Automotive showed in its latest State of the Automotive Finance Market report. Analysts found that leasing accounted for 29.1 percent of all new-vehicle financing in the third quarter, up 7.1 percent from a year ago. And the latest level is […] [Read More]

Black Friday isn’t just for heavily discounted electronics. The discounts are ramping up on the showroom floors, as well. For franchised dealers looking to push the season’s best deals, Kelley Blue Book released a list of the 10 best new-car steals for November. “Black Friday represents one of the hottest shopping days in America, and new-car […] [Read More]

ADESA announced this morning that its subsidiary, PAR North America, is the recipient of TD Auto Finance’s Repossession Vendor of the Year. TD Auto Finance chose PAR based on its outstanding ratings for compliance, performance and communication. According to the announcement, the company was the segment leader in key areas, such as repossession rate, time […] [Read More]

Swapalease.com reported lease credit approvals on its website rebounded during October. The rate improved to 74.1 percent compared with 64.5 percent in September. Site officials indicated roughly three out of every four lease applicants were approved in October, an important indicator given the continued popularity of car and truck leases. Year to date, Swapalease.com has […] [Read More]

So, how much more money will a certified pre-owned vehicle fetch than a non-CPO used car? Edmunds.com answered that very question in its Q3 Used Vehicle Market Report. What the site found was that if you took a CPO model and its non-CPO used counterpart, the certified vehicle will notch a price premium of $1,341, […] [Read More]

TransUnion acknowledged conventional wisdom suggests the summer months prior to a new school year are most popular for household moves. But a new analysis from the credit bureau found that the higher volume season actually lasts from May all the way through December. Analysts indicated these findings may be of special benefit to skip-tracers, repossession […] [Read More]

Preferred Warranties Inc. announced that it has named a new president. Brian Cosgrove, formerly PWI’s vice president of marketing and sales since January, brings 30 years of experience into the new position of president. “I am honored to be part of PWI and to have the opportunity to lead us as we expand our footprint […] [Read More]

Auto Remarketing has learned that Brent Huisman of Santander Consumer USA has moved to a new role within the company. Huisman is now executive vice president of asset remarketing. In this role, he will directly supervise asset remarketing, action reconditioning, internal and external sales as well as Chrysler Capital lease returns.  Huisman has been with […] [Read More]