January 25, 2018 - Industry News
The approval settles the FTC's December 2017 complaint against Dallas-based Cowboy Toyota regarding its Spanish-language newspaper ads. The regulator charged the dealership with violations of the FTC Act, TILA and the Consumer Leasing Act.
Tags: auto finance, compliance, Cowboy Toyota, Deceptive Advertising, Federal Trade Commission, leasing
August 22, 2017 - Industry News
Swapalease.com’s second-quarter report shows growing interest in sport utilities, crossover SUVs and sporty models.
Tags: auto finance, leasing, Swapalease.com
May 30, 2017 - Industry News
If the firm's forecast is realized, May's new-vehicle sales total would best April by 7% but would be flat with a year ago. The vehicle information site also believes retail sales will account for 80.5% of volume.
Tags: incentives, Kelley Blue Book, leasing, new-vehicle sales, SAAR
March 29, 2017 - Industry News
The special finance company, which counts the cofounder and former COO of Exeter Finance in its executive ranks, will use the funding to launch a new and pre-owned auto leasing program this year.
Tags: auto finance, leasing, MUSA, special finance, Used Leasing
March 2, 2017 - Industry News
The firm today reported that average amounts financed for new and used reached record highs of $30,621 and $19,329, respectively. Total balances also reached a record high, although Experian observed a slowing in year-over-year growth.
Tags: auto finance, deliquencies, Experian Automotive, leasing, new-vehicle financing, used-vehicle financing
December 1, 2016 - Industry News
The two agencies announced before Thanksgiving that the dollar thresholds in the TILA’s Reg Z. and the CLA’s Reg. M for exempt consumer credit transaction will remain at $54,600 for 2017.
Tags: compliance, Consumer Leasing Act, leasing, new-vehicle financing, Regulation M, Regulation Z, Truth in Lending Act
October 11, 2016 - Industry News
The perception that millennials are content with a carless, ride-hailing life may not be true after all, at least according to new data from Dealertrack.
Tags: Cox Automotive, Dealertrack, leasing, Millennial, Stretching Loan Terms
September 20, 2016 - Industry News
Black Book issued a white paper that suggests used leasing could be the answer to the glut of off-lease vehicles expected to return to market this year. While directed at finance sources, the white paper offers a four-step process dealers can use to identify the right vehicles for used leasing.
Tags: Black Book, Experian, leasing, Used Leasing
August 18, 2016 - Industry News
CU Direct's credit union network was the No. 3 auto loan originator in the first quarter. However, the network posted the highest year-over-year growth in auto originations.
Tags: Auto Loans, Credit Union, delinquencies, Financing, leasing, Report
February 24, 2016 - Industry News
The captive is piloting a new program in Austin, Texas, that will allow a group of three to six people to lease a Ford Vehicle. The program includes a mobile app that allows participants to schedule drive times, make payments and keep up with vehicle maintenance.
Tags: Austin, Ford, leasing
August 27, 2015 - Industry News
The rise in new-vehicle prices continued in the second quarter, with more consumers turning toward the used market and leasing. Loan terms also continued to stretch.
Tags: Auto Loan Terms, Experian Automotive, leasing, Monthly Payments
July 23, 2015 - Industry News
GM Financial's transformation from subprime finance source to GM's captive finance company continued in the second quarter, with GM new-vehicle loans and leases accounting for 83.5% of total originations during the period.
Tags: Auto Lending, General Motors, GM Financial, leasing, Quarterly Earnings, subprime lending
July 21, 2015 - Industry News
Millennial car buyers are leasing vehicles at a higher rate than the overall car-buying population, according to analysis from Edmunds.com.
Tags: Edmunds.com, leasing, Millenials
March 24, 2015 - Industry News
Swapalease.com released a new study that shows a majority of customers aren’t interested in car-sharing services or autonomous driving. What they do want is lenders bidding for their business.
Tags: auto finance, Autonomous Driving, Car-Sharing, leasing, Swapalease.com
February 10, 2015 - Industry News
Lease registrations have improved by an annual average of 18% since 2011, according to the NADA’s most recent installment of its Used Car Guide Perspective report.
Tags: Forecast, leasing, NADA Used Car Guide
February 5, 2015 - Industry News
GM Financial officials said Ally shouldn’t be surprised by GM’s decision to internalize its lease program. The company ended the year with a 50% share of GM’s lease business.
Tags: Ally Financial, Fourth Quarter, General Motors, GM Financial, leasing, Quarterly Earnings
February 3, 2015 - Industry News
During a quarterly earnings conference call last week, Ally’s former CEO opened up about General Motors’ unexpected decision to move all of its lease incentives to its captive, GM Financial.
Tags: Ally Financial, GM Financial, IPO, leasing, Quarterly Earnings
January 22, 2014 - Industry News
Edmunds.com’s Price Promise now delivers leasing options for dealership customers.
Tags: Edmunds.com, haggle, leasing, PricePromise, Seth Berkowitz
October 22, 2013 - Industry News
CNW Research issued a warning this week, reporting that lease contracts have been overestimating residual values by roughly 14 percent in 2013. The firm expects automakers to lose between $5 billion and $8 billion within three years.
Tags: Art Spinella, CNW, CNW Research, leasing, residual values
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