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

AuSM Staff

LeasePlan USA has brought Michael Croft on to its to business development team, where he will work with companies in the Southwestern region. Croft most recently served as vice president of sales for Element Fleet. He joins LeasePlan while it is expanding its business development team in preparation for smart... Read More

Lease-transfer approvals rebound in June

AuSM Staff

Swapalease.com reported that applicants through its website registered a 68.8 percent approval rate during June, a significant rebound from May when only 48.1 percent were approved. Officials explained the company saw less of an influx of shoppers applying for higher-end luxury leases, which often drives up non-approval... Read More

Joe Overby, Senior Editor

Lease penetration is down for the first time since 2012, and the decline in leases written is twice as high as the drop in overall new-car sales, according to latest Lease Market Report from Edmunds. That said, leasing remains close to record highs, and the swell of off-lease volumes hitting the used-car market should... Read More

39 models maintain monthly lease offer

AuSM Staff

As lease offers abound, monthly payments on 39 vehicles maintained their current price points, according to analysis shared by Wantalease.com on Tuesday. Site officials added there are 15 models being offered for $200 per month or less and three vehicles currently available for lease at less than $150 per... Read More

AuSM Staff

LeasePlan USA has appointed a new senior vice president of operations to oversee the company’s teams that manage the lifecycle of its vehicles. Chosen for the position is Juan Perez, whose leadership and management experience in logistics spans more than 25 years, according to LeasePlan. “Juan is a true... Read More

2 websites looking to broaden auto leasing

Chris Hart-Williams, Staff Writer

In lieu of the traditional test drive, a number of shoppers are most interested getting the best deal possible, says eAutoLease chief executive officer and founder Zoriy Birenboym. “You can do pretty much everything without leaving the comfort of your home or office or school, or where ever you... Read More

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