AuSM Staff

When it comes to consumers taking over someone's vehicle lease contract, they appear to be pretty particular about which brands they are considering. According to its quarterly lease trends report for the second quarter released on Tuesday, Swapalease.com discovered only three badges increased in search traffic... Read More

VSC penetration forecast into 2024

AuSM Staff

Colonnade Advisors offered quite a bullish forecast for the penetration level of vehicle service contract purchased by consumers that should make F&I managers and VSC providers smile now and seven years down the road. The boutique investment bank and registered broker dealer providing investment banking services to... Read More

AuSM Staff

Back to school means once again the approval rate for lease transfer applications is headed back down.  Swapalease.com reported vehicle lease credit applicants registered just a 54.3 percent approval rate for July, explaining the decline both on a sequential and year-over-year basis stemmed from in part... Read More

Ally now offers GAP, service contracts via TRED

Joe Overby, Senior Editor

In addition to the used-car financing options it has been offering on TRED since April, Ally is now providing GAP insurance and vehicle service contracts to buyers on the peer-to-peer online car marketplace. The partnership between the two companies was first announced in May. At that time, Ally was already accepting... Read More

AuSM Staff

Dealers could benefit from a new program to help them turn their new models from Jeep, Hyundai, Ram, Dodge, Fiat and Chrysler. LegalShield, a consumer membership company that allows subscribers to connect with law firms for personal legal advice or assistance, formed a partnership on Monday with BonusDrive, a firm that... Read More

Auto Approve appoints Kroshus as president & CEO

AuSM Staff

Bringing nearly 30 years of experience with him, Jerry Kroshus has been named president and chief executive officer of Auto Approve, a refinance company that specializes in helping consumers find the best possible vehicle interest rates through its national network of credit unions, banks and finance companies. Kroshus... Read More

Nick Zulovich, Staff Writer

During his first quarterly conference call as chief economist at Cox Automotive, Jonathan Smoke chuckled for a moment when an investment analyst from Goldman Sachs asked about the rate consumers are keeping the vehicles they had just spent anywhere from 24 to 36 months leasing. “Thanks for asking the most... Read More

Wide variance between actions by FTC & CFPB

Nick Zulovich, Staff Writer

Although perhaps not as active as President Trump is on Twitter, two of the main federal regulators that oversee vehicle deliveries and auto financing have been far from quiet so far in 2017. But how the Federal Trade Commission and the Consumer Financial Protection Bureau went about its regulatory business during the... Read More

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