Overseas markets are proving to be fertile grounds for lease transfers from the U.S., particularly in a few Western European nations, according to data released Tuesday by online lease marketplace Swapalease.com. The site believes it’s becoming more common to see takeovers of U.S. leases occur solely for shipping the cars overseas once the term ends. […] [Read More]

Cars.com is predicting an increase in lease incentive spending for 2014, and it appears that trend already began to play out in the opening month of the year. Chief analyst Jesse Toprak said the average leasing incentive per vehicle leased in January was up 4.3 percent year-over-year at $3,612. This follows a 5.1-percent rise for […] [Read More]

If managed correctly, these high lease penetration rates the industry is seeing might actually be a good thing. In spite of apparent trepidation by some in the business, several analysts at last month’s NADA Convention & Expo were pointing to a healthy leasing market, one that is likely beneficial for consumers, dealers and automakers, alike […] [Read More]

NextGear Capital on Tuesday announced a new floor planning integration with AuctionACCESS, a development that comes on the heels of a credit line availability integration between the two companies. Officials highlighted these moves will allow auctions to quickly and efficiently originate floor plan transactions for their dealer customers. “NextGear Capital is continually searching for ways […] [Read More]

GWC Warranty, which serves as a marketer, administrator and underwriter of vehicle service contracts, announced recently that it has been named a Motor Trend Recommended Best Buy for Independent Dealers. The company said it is the only vehicle service contract provider to have earned this distinction. In order to receive this honor, GWC was required […] [Read More]

Increased scrutiny from the Federal Trade Commission and Consumer Financial Protection Bureau regarding dealer lending practices is top-of-mind for many in the industry.  In response, this Friday as the 2014 NADA Convention got underway, the National Automobile Dealers Association announced an optional program that it contends will strengthen a dealer’s ability to comply with fair […] [Read More]

RVI Group late last week announced its new partnership with NxGen360 LLC, to launch and distribute insurance products into the automotive marketplace. These products, beginning with Trade Value Protection and Market Value Protection, will offer benefits to dealers as they stock, trade and sell vehicle inventory, the company said, and limit risk for consumers in […] [Read More]

There is likely to be about a 20-percent year-over-year increase in lease pull-ahead program options this year, predicts Swapalease.com, which might explain the following sentiment: If 2013 was the “Year of the Lease,” then 2014 could very well end up being the “Year Of The Lease Pull-Ahead,” the company suggested in analysis released this week. […] [Read More]

As TransUnion projected that new-vehicle leasing volume should continue to strengthen, Swapalease.com reported that lease credit approvals improved slightly as 2013 closed. The site determined December’s approval level came in at 73.3 percent, compared with the November reading of 70 percent. Officials noted the overall approvals rate on the year finished at 72.7 percent, compared […] [Read More]

DataScan Field Services announced Monday its purchase of Launch Technologies LLC and Field-Logic LLC. These two firms operate together to provide floor plan auditing technology and audit services to financial institutions. “This acquisition is truly strategic for our company,” said Brent Sergot, president of DataScan Holdings. “Building on our industry experience and history of outstanding […] [Read More]