ATLANTA and IRVINE, Calif. — A former leader of Volvo's certified pre-owned program now has a remarketing post with Hyundai Capital America.

Sister publication Auto Remarketing learned this week that Johnny Lee is now the manager of remarketing planning with the Irvine, Calif.-based company.

Lee was with Volvo Finance from 1997 to 2002, then Volvo Cars from 2002 to 2009.

His time with Volvo Cars included a post as retained value &
remarketing manager from 2002 to 2005 and time as CPO, remarketing &
rental fleet manager from 2005 to 2009.

Stay tuned to Auto Remarketing for more details on Lee's new
position as well as another U.S. used-vehicle leadership announcement
involving a different import automaker.

More on Lender

Hyundai Capital America had one of the highest lease penetration
rates spotted by Experian Automotive in a first-quarter 2012 analysis
released this spring.

As reported in Auto Remarketing's "Used-Car
Market Intelligence Report," nearly 53 percent of its first-quarter
new-vehicle financing was comprised of leases. This put the lender third
among 10 ranked by Experian, as Hyundai Capital trailed only
Mercedes-Benz Financial (76.21 percent) and BMW Bank of North America
(56.92 percent).