Former Volvo CPO Leader Moves to Remarketing Post at Hyundai Capital
A former leader of Volvo’s certified pre-owned program now has a remarketing post with Hyundai Capital America.
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).