NEW YORK — Along with an upbeat forecast for this year, the latest report by Fitch Ratings showed U.S. auto loan/lease credit performance continued positive momentum during the fourth quarter. Analysts determined that strong used-vehicle prices and positive U.S. economic trends offset typical second-half seasonal trends. The report released late last week also indicated Fitch's […] [Read More]

WASHINGTON, D.C. — According to a weekend report from The Washington Post, auto loan growth in on the rise, especially in the Capitol. The WP reported that low interest rates contributed to the uptick in top auto lender’s portfolios in the Washington area. Per the WP report, the top 25 auto lenders grew their portfolios […] [Read More]

WESTLAKE VILLAGE, Calif. — Though down more than 3 percentage points from an "exceptionally high" year-ago period, lease penetration rates remained steady in the near-20-percent range during February, thanks to relative stability in lease return volume and consistent incentives, according to J.D. Power and Associates. And while the fallout from the 2008 leasing drought influenced […] [Read More]

DENVER — Access Capital is changing the name of its auto finance company as part of a company-wide rebranding effort. CAPEX Acquisitions will now be known as AC AUTOPAY, which represents an expanded line of products and a new website to “serve dealer and consumer partners,” the company explained. “AC AUTOPAY will build on its […] [Read More]

At the NAAA/CAR conference this week in Las Vegas, fleet solutions company Emkay revealed a list of its 2011 auction award winners. “All of the auctions listed achieved or exceeded 100 percent on our grading scale,” company officials noted. And taking home the top honors as Auction of the Year is ADESA Dallas. This is […] [Read More]

At the NAAA/CAR conference this week in Las Vegas, Avis Budget Group revealed the winners of its 2011 Auction Performance Awards. Covering categories ranging from sales volume to highest residual value, the company recognized four auctions from across the nation. And taking home the top honors of Overall Auction of the Year is Manheim San […] [Read More]

Santander Consumer USA has revealed its Auction of the Year and also honored the top sites in individual categories and regions, as well. Taking accolades as Auction of the Year was Brasher’s Salt Lake Auto Auction, which also won as the Best E-Commerce Auction and the top auction in the Central region. Winning the award […] [Read More]

During the NAAA/CAR event, the National Auto Auto Association tapped Warren Young, Sr. Fellows, giving the lifetime distinction to a trio of industry leaders. These include: —Dave Alfonso, national auction sales manager for Kia Motors America —Lynn Weaver, general manager of Harrisburg Auto Auction —Ken Osborn, general manager of ADESA Dallas NAAA donated $2,500 in […] [Read More]

LeasePlan USA announced its 2011 Auction Award winners at this week’s NAAA/CAR Event, and taking the Overall Top Sales Achievement Award was ADESA Golden Gate. LeasePlan also announced regional Stellar Performance awards, as well as Outstanding Service Awards, as listed below: —Northeast Region Stellar Performance Award Winner: Manheim Philadelphia —Southeast Region Stellar Performance Award Winner: […] [Read More]

While highlighting a “domestic comeback,” Strategic Vision declared a German brand topped all badges in its annual Total Value Index. On Thursday, Strategic Vision handed the No. 1 ranking in total value to Volkswagen of America as Hyundai Motor America came in second and Ford Motor Corp. finished third. Strategic Vision noted that its Total […] [Read More]