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. Off-lease volumes that year were just under 3.5 million units, […] [Read More]

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. Searches for Hyundai on the car lease marketplace website were up 25 percent from the third quarter, while Subaru’s traffic was up 15 percent. GMC, with a […] [Read More]

LeasePlan USA announced a new president and chief executive office on Monday, appointing former GE Fleet Services executive Jeffrey Schlesinger to the position. Schlesinger has 30 years of experience in the financial services sector, including the past eight in fleet leadership. His most recent post was senior vice president and managing director of GE Fleet […] [Read More]

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. Lease volume has climbed 91 percent over the past five years, and lease penetration — like lease volume — has been on the rise since 2009, but look for […] [Read More]

In its "Hagerty Hot List" released on Thursday, Hagerty shared which new 2017 vehicles might one day join the ranks of fully drivable classic collectibles. The list names 10 vehicles in the 2017 production run by major worldwide automakers that valuation experts at  the insurance provider for classic vehicles say are likely to grow in value […] [Read More]

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. “I’m not saying it’s never happened, but I don’t recall this ever being announced by a […] [Read More]

According to Black Book data, the average price of a used vehicle for model years 2011 through 2015 depreciated by 1.5 percent in January. Editors determined cars posted an overall depreciation rate of 1.8 percent, while depreciation for trucks produced a rate of 1.4 percent. Black Book calculated that all vehicles are averaging a 12-month […] [Read More]

The amount of recalled cars on the road has increased 34 percent since last year and one in four vehicles Americans drive has open recalls, according to research data that Carfax released on Thursday. Carfax estimates that there are more than 63 million recalled vehicles now in use across the country — and many throughout […] [Read More]

At GSFSGroup, Jeff Parent succeeds Steve Amos as president, who retired last week after a tenure of nine years. During his leadership, Amos championed the launch of eContracting and Dealer Executive Dashboard, a flexible online data solution to help maximize dealer profitability,  the provider and administrator of F&I products and reinsurance structures for the auto […] [Read More]

During Super Bowl LI on Sunday, media, insights and marketing solutions company Jumpstart Automotive Media monitored auto shoppers visiting its portfolio of publishers in a time-trended series to see how traffic fluctuated when ads aired. Alfa Romeo, Ford, and Kia saw the highest share of traffic throughout the game according to the data and insights […] [Read More]