For those of our readers who participated in the remarketing of off-lease vehicles in the late 1980s and early 1990s, you will remember the scenario. Vehicle manufacturers, through their captive finance companies, in a effort to keep the factories running at full capacity, and with a goal of maintaining and gaining market share, offered aggressive […] [Read More]

The new-car leasing market has swarmed back in recent years and is arguably as strong as it has ever been. And while there isn’t nearly as much industry discussion, data or consumer options when it comes to the pre-owned side of leasing, numbers shared Friday with Auto Remarketing shed some light on how the used-car […] [Read More]

Does used-car leasing, particularly in the certified pre-owned space, make sense? At least one industry leader connected to the leasing side of business is saying yes — as long as it is done correctly. Around the time of the recession, many shied away from leasing, particularly on the used-car side. Meanwhile, new-car leasing has roared backed. […] [Read More]

Swapalease.com noticed consumers are looking for a specific kind of lease to assume — truck leases with less than eight months remaining on the contract. Site officials believe this trend is developing because lessees in certain trucks still hold a positive equity position with a few months left in the term. Swapalease said that compact SUVs […] [Read More]

MBSi Capital Corp. acknowledged that interpreting compliance is not simple, especially when it comes to repossessions and recovery. The company compared it to trying to assemble a product from IKEA without directions. While agreeing on a single, completely comprehensive definition of compliance can be an elusive goal, MBSi Capital insisted repossession agents who show they […] [Read More]

On Tuesday, ADESA promoted Zach Hallowell to president of its subsidiary, Recovery Database Network (RDN). The company indicated Todd Hodnett, who most recently served as RDN’s president, is leaving RDN to pursue another business venture. However, Hodnett will remain in an advisory capacity for RDN through the end of the year. Hallowell joined RDN as […] [Read More]

Auto delinquencies rose slightly in the second quarter because there’s more paper on the streets nowadays, but TransUnion analysts don’t think the trends are necessarily bad for the industry. According to TransUnion's Industry Insights Report released on Tuesday, the auto loan delinquency rate — the ratio of borrowers 60 days or more delinquent on their […] [Read More]

The outlook for potential certified pre-owned inventory that dealers will need in 24 to 36 months just keeps getting more favorable. The latest: Experian Automotive determined the percentage of new vehicles moved by franchised dealers and connected to a lease hit a new record during the second quarter. According to its latest State of the […] [Read More]

Though August incentives were down from July levels, allowances sit far above rates seen last year. But industry analysts assure dealers that incentive spending levels pose no threat to the business yet. Kelley Blue Book analysts reported high incentives are not causing damage to used values back in mid-August. And after reporting a 9.3-percent year-over-year incentive […] [Read More]

Lease marketplace Swapalease.com suggested American dealers look north when considering how to improve their leasing services. With Canada’s historically high leasing rates, Swapalease — which works with customers in both countries — noted some interesting differences in how lease programs are structures, including transfer of ownership, and contends it would serve U.S. dealers well to take […] [Read More]