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Auto Finance

Newsby StaffAugust 6, 2019

Black Book: Retained Values Flat in July

Black Book’s Used Vehicle Retention Index showed no change overall from June to July, but a closer look reveals ‘very clear trends’ in several key segments.

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Newsby StaffAugust 6, 2019

Survey: Finance Execs Want More AI

Nearly 80% of C-suite finance executives expressed a growing need for artificial intelligence-driven auto loan processing procedures in a survey conducted by Inovatec.

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Newsby Tariq KamalAugust 2, 2019

Report: Longer Commute, Bigger Auto Loan

LendingTree analysts have discovered a correlation between commute times and auto loan balances, finding that car buyers borrow $269 for every additional minute between home and work.

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Newsby StaffAugust 2, 2019

New-Vehicle Interest Rates Fall to 5.8%

The average interest rate for a U.S. new-vehicle loan fell below 6% for the first time all year as automakers and dealers extended model-year selldown promotions.

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Newsby Tariq KamalAugust 1, 2019

Cornered Fed Announces First Rate Cut Since 2008

Facing new global realities and pressure on multiple fronts, the Federal Reserve cut interest rates for the first time in more than a decade in an attempt to prolong the economic expansion.

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Newsby StaffJuly 31, 2019

PowerBand Acquires Tesla’s Leasing Partner

PowerBand Solutions is set to purchase 60% of the parent company of MUSA Auto Finance, a move designed to give PBX a competitive edge in acquisition, leasing, lending, and auction services.

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Newsby StaffJuly 30, 2019

Nissan Leads July Lease Deals, Discounts

Wantalease.com reports moves made by an ‘aggressive’ Nissan highlighted the month in auto leasing, maintaining an industry-low price for the Sentra and offering big discounts on the Titan and Pathfinder.

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Newsby StaffJuly 25, 2019

PassTime and masterQueue Form Strategic Partnership

PassTime and masterQueue have partnered to combine the former’s GPS expertise with the latter’s AI-driven automated skip tracing and debt collections process.

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Newsby StaffJuly 24, 2019

Record Growth Prompts USEA to Expand HQ

US Equity Advantage has expanded its Orlando headquarters by 40% to accommodate a growing workforce.

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Newsby StaffJuly 18, 2019

Swapalease: Approvals Dip to 65% in June

Swapalease.com analysts say credit approvals declined after reaching 72.4% in May but report growing demand from consumers seeking lease contracts negotiated when incentives were stronger.

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