The International Automotive Remarketers Alliance announced on Tuesday it has updated its new website by integrating association management software designed to improve online membership management.
George W. Bush was not even two full years into his first term as president the last time off-lease volume hit a true peak.
That was 15 years ago and the auto industry has gone through, shall we say, a bit of change since then.
When it comes to lease search activity in the fourth quarter, Hyundai and Subaru showed the most growth, according to Swapalease.com, with GMC highlighting activity for the domestics.
There were a record 4.3 million vehicles leased last year, according to an Edmunds report, which said 31 percent of new-vehicle sales in 2016 were leases.
Even with about two weeks to consider it, Swapalease.com executive vice president Scot Hall still couldn’t remember when an automaker and its captive finance company decided to cut back on new-model leasing activity without dramatic conditions being in place.
There will likely be a record 3.6 million off-lease vehicles this year, according to Manheim’s 2017 Used Car Market Report.
Much of the CEO panel discussion during the Vehicle Finance Conference hosted by the American Financial Services Association revolved around underwriting, originations, compliance and other matters associated with a finalized retail installment contract needed for delivery at the dealership.
The International Automotive Remarketers Alliance has launched a new website and opened up its membership renewal and member enrollment period for North America, the organization said in a news release.
The lease credit approval rate on Swapalease.com hit its lowest level in three years last month, but that’s not necessarily a bad thing.
Wantalease.com reported on Wednesday that prices on most of today’s popular leases are increasing slightly entering January.