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Leasing accounted for 31% of new-vehicle sales in 2016, up from 29% in 2015. And according to the vehicle information, nearly one-third of all millennials turned to leasing to secure a new vehicle.
Read More →Credit Connection Auto Sales in central Pennsylvania has settled with the state’s attorney general for allegedly leasing vehicles that needed a considerable amount of repair work and using lease agreements that did not comply with federal law.
Read More →An excessive supply of used vehicles hitting dealer lots is expected to drive prices down and cause a chain reaction that could raise monthly payments and lower trade-in values.
Read More →Prices on leases averaged $590.38 last month, up from $578.06 at the end of August 2012, according to data gathered by Swapalease.com.
Read More →More than 77 percent of car lease customers were approved during April, up from 70 percent during the previous month, according to Swapalease.com.
Read More →DealerTrack will host several DealerTrack University webinars on best practices in the areas of mobile, leasing and compliance this month.
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The industry shifts its gaze to leasing as the segment realizes gains and prompts dealers to update their processes.
Read More →A Toyota Financial Services (TFS) official confirmed that the captive finance company expects to release a wear-and-tear lease product for its dealers within the next month or so.
Read More →Residuals on U.S. auto lease ABS are still producing substantial gains vs. initial forecasts through third quarter 2011, according to the latest index results from Fitch Ratings.
Read More →Ally Financial Inc. debuted Ally Buyer’s Choice in five markets yesterday, a new financing product that offers the benefits of leasing but provides the advantages of owning a vehicle at a fixed rate and payment.
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