NEW YORK, June 25 (Reuters) - An auto financing unit of J.P. Morgan Chase & Co. said on Wednesday it will no longer provide auto leases in New York as of July 1, citing a law that holds leasing companies liable for auto accidents. Chase Manhattan Automotive Finance Corporation, which is the fourth largest auto leasing company in New York, had said in April it would exit the Empire State market unless legislators in Albany changed the law and eliminated leasing companys' liability. ...
Premium Content (PAID Subscription Required)
"Chase to quit N.Y. auto leasing market on July 1" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642