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]

Automotive and asset finance software solutions provider White Clarke Group recently released its latest publication titled, “Global Technology Report 2017: Auto Finance in the New Digital Ecosystem.” The company highlighted the report, and accompanying summary video that can be viewed here or at the top of this page, draws important conclusions from discussions between technology […] [Read More]

AutoAlert revealed  that Kansas City, Mo., will be the home of its new corporate headquarters as soon as the spring. AutoAlert hasn’t yet announced a specific office location. "The team loves the downtown location and the opportunity it provides,” AutoAlert chief executive officer Mike Dullea said in a news release. “This area is rich with […] [Read More]

Specialty auto finance company Exeter Finance Corp. announced on Monday that it appointed company veteran Brad Nall to be chief financial officer in a move that was effective Feb. 1. Nall joined Exeter in July 2012 and has more than 25 years of experience in the consumer finance industry. He has held numerous senior roles […] [Read More]

In a move executives say will benefit buy-here, pay-here dealerships and other participants in the auto finance space, Realtime Electronic Payments (REPAY), a full-service provider of advanced payment technology products and electronic transaction processing services for the consumer lending industry, has acquired Sigma Payment Solutions, which offers related services. Both companies said on Monday that […] [Read More]

ADESA announced on Friday it has promoted a new general manager of its Saskatoon, Saskatchewan auction. Chosen for the role is Kevin McCaig, who was most recently an ADESA Saskatoon sales manager. “Kevin has been an essential member of the team at ADESA Saskatoon, and he has played a valuable role in this auction’s success as it […] [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]