Preferred Warranties, a provider of extended service protection plans to independent used-vehicle dealerships, on Tuesday announced its choice for vice president of marketing and sales. Named to the position is an industry veteran bringing more than 25 years of sales experience, Brian Cosgrove. Cosgrove’s background includes sales, sales training, sales management and marketing roles. As […] [Read More]

In an effort to sharpen the debt-collection process, ACA International’s research department dissected 14,328 complaints received by the Consumer Financial Protection Bureau during a nine-month span and found five similar conclusions to a previous endeavor conducted last November. The latest analysis stemmed from data collected between July of last year and February of this year […] [Read More]

Here is one of a few notions about leasing that Edmunds.com chief economist Lacey Plache dispels in a recent analysis: it’s just for luxury vehicles. Plache discusses the “mainstream” movement by the leasing market in recent years in a recent post to the website and in doing so, sheds a new light on what many […] [Read More]

In a recent post to the AutoEconomy trends section of Edmunds.com, Lacey Plache — the site’s chief economist — dispels some of the commonly held notions about leasing, and in doing so, illustrates how it has gone “mainstream,” as the title of the post would indicate. And it’s likely to become even more popular in […] [Read More]

On Monday, Primeritus Financial Services named a new member of its management team, announcing its general counsel and chief compliance officer. Accepting the role is Chris Kato, who comes to Primeritus with an extensive background in corporate law spanning a wide variety of practice areas.  Kato most recently served as vice president and lead counsel […] [Read More]

Organizers of the sixth annual North American Repossessors Summit, an industry conference hosted by the American Recovery Association and Time Finance Adjusters, revealed who will be returning to this month’s event; this time as the keynote speaker. Giving the keynote for NARS 2014 will be Michael Dougherty, the managing partner of Weltman, Weinberg, & Reis. […] [Read More]

Experian Automotive reported today that more consumers are choosing to lease vehicles, bringing the share of new vehicles financed with a lease to its highest level since the company began publically reporting the data in 2006. According to its latest State of the Automotive Finance Market report, Experian Automotive found that 28.4 percent of all […] [Read More]

The combined entity of National Auto Care Corp. (NAC) and Family First Dealer Services (FFDS), a leading administrator of vehicle service contract and ancillary products and programs including CarMark Certified, announced the appointment of its new vice president of finance. Taking on this role is Ryan Schumacher who will lead many of the financial management […] [Read More]

Lease penetration for February is speeding away at an all-time clip, according to J.D. Power and Associates, which said at this pace, the month’s leasing rate would beat a record set nearly a decade-and-a-half ago. Interestingly enough, J.D. Power’s analysis of its Power Information Network data also indicated that long-term loans are on track for […] [Read More]

Kia Motors America and JM&A Group have renewed their deal for JM&A to be the provider of F&I products for Kia dealers.   The two companies first signed a deal in 2007. The lineup of products JM&A provides to Kia dealers, referred to as Kia Distinction, includes the following: —Vehicle protection plan —Maintenance plan —Road […] [Read More]