Financial Services News
Auto Group Reaches Out to Support Student Community
-- September 04, 2008
NEW YORK — DCH Auto Group, a network of 34 dealerships in the Tri-State area and southern California, announced it is lending its support to Students Against Destructive Decisions to establish or strengthen ... [ Full Story ]
PIN: Leasing Rates Take Dive
-- September 02, 2008
WESTLAKE VILLAGE, Calif. — The effects of leasing pullbacks started to gain steam in the first few weeks of August, as industry-wide lease penetration sunk to ... [ Full Story ]
LeasePlan USA Promotes VP to Senior-Level Role
-- September 02, 2008
ALPHARETTA, Ga. — Shortly after naming its new chief executive officer, LeasePlan USA announced that it has appointed a senior vice president for sales, marketing and client services. Receiving the promotion is ... [ Full Story ]
ARI Names Manager of Environment and Fuel Strategies
-- August 26, 2008
MT LAUREL, N.J. — Automotive Resources International announced the appointment of John Mack as manager of environment and fuel strategies. Mack's primary focus in this position will be ... [ Full Story ]
ARI Shifts Leadership in Fleet Solutions Department
-- August 25, 2008
MOUNT LAUREL, N.J. — Automotive Resources International announced late last week that it has made two key changes in its fleet solutions department. Appointed as utility business development manager is ... [ Full Story ]
Kroshus Joins PAR North America as President
-- August 20, 2008
CARMEL, Ind. — ADESA announced late Wednesday that Jerry Kroshus has joined PAR North America as president. Most recently, Kroshus served as ... [ Full Story ]
Learn What the Experts Are Saying about the Repo Industry Today
-- August 12, 2008
RALEIGH, N.C. — Many consumers throughout the country appear to be getting hit hard by the mortgage downfall and the weakening economy, so how has this impacted the repossession marketplace? ... [ Full Story ]
LeaseCompare.com Steps in to Fill Leasing Gap
-- August 12, 2008
CINCINNATI — In the wake of several lenders backing out of the leasing market, LeaseCompare.com, an online leasing site, reported to Auto Remarketing Tuesday that it is well-positioned to fill the gap and offer ... [ Full Story ]
Can Leasing Survive?
-- August 05, 2008
ALEXANDRIA, Va. — In light of the recent news involving major lenders and automakers pulling back their offerings, the health of the leasing industry isn't as ... [ Full Story ]
Impact of Lease Program Revamps on Canadian Dealers, Consumers
-- August 01, 2008
AUBURN HILLS, Mich. — With the recent news that GMAC is halting incentivized leasing in Canada, while Chrysler is de-emphasizing it, Auto Remarketing Canada sought out insight on how this would impact the marketplace and dealers. Despite the largely negative connotations given to these announcements by the media, it is actually ... [ Full Story ]
Chase, Wells Fargo, Ford Credit Report on Leasing Program Developments
-- July 30, 2008
CHERRY HILL, N.J. — As the residual values of large SUVs and pickups plummet at auctions throughout the country, Chase Auto Finance, Wells Fargo Auto Finance and Ford all joined in with Chrysler and General Motors in ... [ Full Story ]
Wheels Holds Summit to Tackle Fleet Industry Issues
-- July 30, 2008
DES PLAINES, Ill. — Last week, Wheels hosted its first Fleet Summit, which addressed many industry topics, including ... [ Full Story ]
Manheim Reports on Current Market Trends
-- July 29, 2008
ATLANTA — Manheim Consulting's chief economist Tom Webb recently discussed current market trends, including leasing, repossessions and more. According to Webb, lease penetration rates ... [ Full Story ]
ALG Repositions Residual Value Projections
-- July 28, 2008
SANTA BARBARA, Calif. — Automotive Lease Guide announced Monday that it has significantly adjusted its residual value forecast, which is expected to have a significant impact on ... [ Full Story ]
LeaseTrader.com: Luxury Model Reclaims Title
-- July 22, 2008
MIAMI — LeaseTrader.com announced its monthly Top 10 Index for June this week. Reclaiming the top spot on the list is the .... [ Full Story ]
Enterprise Rent-A-Car Names VP of Remarketing Ops
-- July 21, 2008
ST LOUIS, Mo. — Enterprise Rent-A-Car recently named a new vice president of remarketing operations, North America. Taking on this position is ... [ Full Story ]
PIN: Average Prices of New Vehicles Decline to 2004-2005 Level
-- July 21, 2008
WESTLAKE VILLAGE, Calif. — Average new-vehicle prices are down 4 percent, compared with a year ago, according to the latest data released by Power Information Network. More specifically, PIN revealed ... [ Full Story ]
Is there a Big Profit Opportunity Many Dealers are Missing?
-- July 21, 2008
CARY, N.C. — Dealers are getting their margins squeezed on both new and used sales, driving a need for them to focus their attention on other profit avenues to bolster bottom lines. There is one opportunity that's been around for many years but remains widely untapped. What is it? ... [ Full Story ]
Lithia Names Former Ford Credit Exec to Board of Directors
-- July 16, 2008
MEDFORD, Ore. — Lithia Motors announced recently that it has appointed a new member to its board of directors, one with extensive experience throughout the auto industry. Named to the position is ... [ Full Story ]
ARI Employees Earn Certification Recognition
-- July 16, 2008
MT. LAUREL, N.J. — Automotive Resources International recently announced that an additional six of its employees have been certified as ... [ Full Story ]