Vehicle leasing

PROG Holdings Beats Third Quarter 2023 Expectations, Raises Full-Year Financial Outlook

Retrieved on: 
Wednesday, October 25, 2023
Apps, Applications, Technology, Payments, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Software, SG, Environment, EBITDA, Growth, GMV, Vehicle leasing, PROG, NYSE, Michaels, Build, Renting, Security (finance)

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the third quarter ended September 30, 2023.
  • "PROG Holdings’ third quarter results exceeded expectations once again, as our teams continued to deliver strong portfolio performance alongside disciplined SG&A management," said Steve Michaels, PROG Holdings’ President and CEO.
  • Consolidated revenues for the third quarter of 2023 were $582.9 million, a decrease of 6.9% from the same period in 2022.
  • PROG Holdings ended the third quarter of 2023 with cash of $294.8 million and gross debt of $600 million.

Americas Vehicle Leasing and Rental Telematics Analysis Report 2022 with Case Studies from Element Fleet Management, Wheels Donlen, & Avis Budget and Otonomo - ResearchAndMarkets.com

Retrieved on: 
Friday, January 6, 2023
General Automotive, Fleet Management, Automotive, Ecosystem, Original equipment manufacturer, PARC, Research, Telematics, Vehicle leasing, Traction, Safety, Car rental, Airline

The "Analysis of Telematics in the Vehicle Leasing and Rental Industry, Americas" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Analysis of Telematics in the Vehicle Leasing and Rental Industry, Americas" report has been added to ResearchAndMarkets.com's offering.
  • The study aims to understand and correlate the ecosystem of telematics, services offered to leasing and rental fleets, and the features which benefit the industry.
  • Despite a slump in the recent past, automotive sales are slowly recovering in the Americas, and fleet leasing and rental markets are on the path of recovery.
  • This study further sheds light on the market parc data in the leasing, rental, and corporate outright purchase fleets.

Sweden Light Vehicle Leasing Growth Opportunities Report 2021 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, August 3, 2021
General Automotive, Fleet management, Automotive, Business law, Contract law, Articles, Law, Private law, Leasing, Legal documents, Property law, Vehicle leasing, Lease

The "Sweden Light Vehicle Leasing Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Sweden Light Vehicle Leasing Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
  • It discusses the company car segment in detail, focusing on the development and growth potential of the financial leasing, operational leasing, and outright purchase segments.
  • Companies view vehicle leasing as a solution to the growing number of challenges they face in their mobility needs.
  • The rising demand for these services and facilities drives leasing market growth, gives it a structure, and regulates the ecosystem.

Leverage Car Ownership to Drive Revenue, Not Expenses: Push Start Auto Introduces an Innovative Unique Platform to Help Consumers Find Affordable and Flexible Vehicle Leasing While Enabling Car Owners to Monetize Their Assets

Retrieved on: 
Wednesday, June 30, 2021
Business law, Contract law, Leasing, Vehicle leasing, Peer-to-peer, Carsharing, Economy, Articles, Law

Inspired by the overwhelming response to their business experiment, the Harrises recently decided to introduce an innovative Atlanta-based company called Push Start Auto, a new peer-to-peer car-sharing platform built to help consumers find affordable and flexible vehicle leasing while enabling car owners to monetize their assets.

Key Points: 
  • Inspired by the overwhelming response to their business experiment, the Harrises recently decided to introduce an innovative Atlanta-based company called Push Start Auto, a new peer-to-peer car-sharing platform built to help consumers find affordable and flexible vehicle leasing while enabling car owners to monetize their assets.
  • "At PSA, our mission statement is 'Give to Receive and Receive to Give'," said Andre, co-founder of Push Start Auto.
  • The top benefits of the Push Start Auto marketplace platform include:
    Offer flexible month-to-month leasing contracts and lease-to-own options on a peer-to-peer basis.
  • Push Start Auto is a new peer-to-peer and month-to-month car leasing platform built to help car owners to monetize their assets while enabling consumers to find affordable and flexible vehicle leasing.

Key Trends for Global Car Leasing Market Growth - CAGR of 18% Forecast Between 2021 and 2025 - ResearchAndMarkets.com

Retrieved on: 
Friday, June 25, 2021
Automotive, Fleet management, Business law, Contract law, Articles, Private law, Finance, Leasing, Vehicle leasing, Vehicle subscription, Lease

The car leasing market is poised to grow by 23696.77 thousand units during 2021-2025, progressing at a CAGR of almost 18% during the forecast period.

Key Points: 
  • The car leasing market is poised to grow by 23696.77 thousand units during 2021-2025, progressing at a CAGR of almost 18% during the forecast period.
  • This study identifies the off-lease cars fueling the used car market as one of the prime reasons driving the car leasing market growth during the next few years.
  • Also, the car subscription model of car leasing and use of telematics in leased cars will lead to sizable demand in the market.
  • Also, the car leasing market analysis report includes information on upcoming trends and challenges that will influence market growth.

Swapalease.com Releases Latest Figures on Lease Credit Approvals Showing a Slight Decrease for May

Retrieved on: 
Wednesday, June 9, 2021
Contract law, Business law, Articles, Private law, Law, Leasing, Lease, Property law, Vehicle leasing

CINCINNATI, June 09, 2021 (GLOBE NEWSWIRE) -- Swapalease.com, the nations largest car lease marketplace, reports car lease credit applicants registered a 69.9% approval rate in May.

Key Points: 
  • CINCINNATI, June 09, 2021 (GLOBE NEWSWIRE) -- Swapalease.com, the nations largest car lease marketplace, reports car lease credit applicants registered a 69.9% approval rate in May.
  • The steady, incremental increase indicates consumer credit levels are also holding steady as many households continue to receive stimulus relief provided by the government.
  • Swapalease.com believes many of its site visitors and vehicle customers have solid credentials available to take over a persons vehicle lease.
  • Swapalease.com matches a person wanting out of their existing vehicle lease contract with a car shopper looking to take over a short-term vehicle lease.

UK Light Vehicle Leasing Market Forecast Report 2021-2024 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 8, 2021
General Automotive, Fleet management, Automotive, Business law, Contract law, Leasing, Vehicle leasing, LCV, Articles, Economy, Electric vehicles, Law

The "UK Light Vehicle Leasing Market, Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "UK Light Vehicle Leasing Market, Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
  • In addition to market data (PV and LCV) for new registrations and portfolios, the study provides actual competitor data (portfolio) for the leading leasing service providers in the country.
  • Vehicle leasing is seen as a solution to the growing number of challenges faced by companies with regard to their mobility needs.
  • This study sheds light on the market size across the passenger vehicle (PV) and light commercial vehicle (LCV) segments and provides sales/parc data for the total market as well as the fleet and company car (true fleet) segments.

DRIVRZ Financial, Formerly MUSA Auto Finance, teams Up With Roadster To Add Used Car Leasing To Digital Retail Experience

Retrieved on: 
Friday, May 14, 2021
Leasing, Business law, Contract law, Vehicle leasing, Economy, Articles, Law, Draft:Leasing Decision

As part of Roadster\'s Express Storefront solution, visitors to the dealership website can calculate their exact used car lease payment based on a set of adjustable factors.

Key Points: 
  • As part of Roadster\'s Express Storefront solution, visitors to the dealership website can calculate their exact used car lease payment based on a set of adjustable factors.
  • Each factor is chosen by the website visitor, and the lease payment is automatically calculated from there.
  • With the DRIVRZ Financial integration, each used car leasing customer can build their own deal, so they are confident in the numbers and more likely to take the next steps toward closing.
  • We requested this integration with Roadster and DRIVRZ Financial because we wanted to bring that same online convenience to the used car leasing options we already offer in store.

Presidential Auto Leasing -- Above & Beyond

Retrieved on: 
Monday, May 3, 2021
Leasing, Business law, Contract law, Vehicle leasing, Economy, Articles, Law

b'NEW YORK, May 3, 2021 /PRNewswire/ -- Brooklyn is a known hot spot of the auto leasing business in the region and Presidential Auto Leasing is on the map of Brook for a reason.

Key Points: 
  • b'NEW YORK, May 3, 2021 /PRNewswire/ -- Brooklyn is a known hot spot of the auto leasing business in the region and Presidential Auto Leasing is on the map of Brook for a reason.
  • Whether the service is run in Brooklyn or the Tri-State area, Presidential Auto Leasing customers are always treated as family around the clock.\nBearing an empire state of mind, Presidential Auto Leasing has been ambitiously expanding, now offering a solid variety of services ranging from trade-ins and auto insurance to car hauling and auto body shop.
  • Presidential Auto leasing quickly and efficiently moved all its services online to ensure the well-being of the customers and to help CDC in fighting the global pandemic.
  • The current circumstances have proved us that auto leasing and technology is a good match, indeed.

Mercedes-Benz of Scottsdale Offers Vehicle Leasing Deals

Retrieved on: 
Saturday, May 1, 2021
Motor vehicles, Mercedes-Benz, Vehicle leasing, Vehicles, Automotive industry

b"SCOTTSDALE, Ariz., April 30, 2021 /PRNewswire-PRWeb/ -- Customers shopping for their future vehicle in the Scottsdale area are encouraged to check out the vehicle leasing deals available at local dealership Mercedes-Benz of Scottsdale.

Key Points: 
  • b"SCOTTSDALE, Ariz., April 30, 2021 /PRNewswire-PRWeb/ -- Customers shopping for their future vehicle in the Scottsdale area are encouraged to check out the vehicle leasing deals available at local dealership Mercedes-Benz of Scottsdale.
  • These have vehicle deals allow shoppers to finally drive their dream car at a lower cost than it would take if they bought the vehicle instead.
  • Some of these leasing deals include:\nAdditional details about these leasing deals can be found on the dealership's website.
  • Shopping for a Mercedes-Benz is made easy at Mercedes-Benz of Scottsdale with its three levels of all indoor showrooms.