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]

Amid a certified pre-owned market that continues to grow, Autotrader has come out with this month’s list of top picks for certified pre-owned deals and incentive offers in February. "Not everyone can spend a fortune for a new car, but the potential repair bills from a modern used car can deter shoppers,” Autotrader executive editor […] [Read More]

Paragon Honda in Woodside, N.Y., has been the No. 1 certified pre-owned dealer in the U.S. every year since American Honda Motors Co. began tracking the data in 2008, according to the company’s remarketing department. It sold 3,012 CPO units in 2016, good enough for a 20-percent gain, says Paragon Honda’s Brian Benstock. And very soon, […] [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]