KAR Auction Services and Toyota Motor North America have been named to the CIO 100 list for 2016. KAR said in a news release last week about its inclusion that the list spotlights 100 companies that are “driving business value through IT innovation.” The winners will be recognized at the CIO 100 Symposium in August. […] [Read More]

Automotive marketing and advertising company Jumpstart Automotive Group released its latest shopper study on Monday, drilling deeper down into the behavior patterns of women and millennials as well as Asian and Hispanic shoppers. While each of those demographics showed some unique characteristics, Libby Murad-Patel pinpointed what might be most important to dealerships on how to […] [Read More]

General Motors Financial rolled out its North American vehicle lease program during the second half of 2014 and became the exclusive provider for the parent automaker — assuming captive finance company status — early last year. As a result of those moves, GM Financial determined that leases now make up the largest portion of its […] [Read More]

Used-car leasing is still a small slice of the market, according to Experian Automotive data, which indicates that used cars comprised 3.98 percent of the lease market in the first quarter. However, that’s up from a 3.90-percent share of the market in Q1 2015, which is more than a 2-percent rise, Experian said. While that’s […] [Read More]

When dealerships, finance companies and automotive experts discuss how much better vehicles are nowadays compared to 10 or 20 years ago, it’s not just a possible sales pitch or industry rallying cry. With a South Korean badge leading the way, the J.D. Power 2016 U.S. Initial Quality Study (IQS) released on Wednesday showed that new-vehicle […] [Read More]

Attendees at last week’s ACA International 2016 Convention & Expo in Denver heard first-hand from the Consumer Financial Protection Bureau about its potential regulatory moves in the collection space. Officials from ACA International, the Association of Credit and Collection Professionals, pointed out the CFPB has yet to put out a notice of proposed rulemaking regulating […] [Read More]

 If you mapped out the metropolitan areas where leasing is strongest, it would closely resemble the Big Ten and Big East basketball territories from the good ole days. In terms of lease penetration rates, the Northeast and the Great Lakes area of the Midwest dominated the top of the list in the first quarter, with the Motor […] [Read More]

This is not your father’s Daewoo. In fact, if you’re a member of Generation Z, it’s quite likely to be yours. According to an Edmunds.com analysis of vehicle registration data from Polk, U.S. drivers age 18-24 purchased 191,096 used cars (versus 27, 670 new) during the first four months of the year. Of those used cars […] [Read More]

As part of pre-planned leadership change, KAR Auction Services on Monday promoted Jim Money to be president of Automotive Finance Corp. (AFC). Money will take over this role with the KAR subsidiary effective on Saturday. Money, who most recently served as chief financial officer of AFC, will report directly to Don Gottwald, KAR’s chief operating […] [Read More]

As the site tried to pinpoint a potential reason why, Swapalease.com reported on Monday that vehicle lease credit approval dropped by 14 percent on a sequential basis when looking at May’s rate compared to the April reading. Analysts indicated May registered a 61.1 percent approval rate, representing what they described as a “significant” drop from […] [Read More]