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Newsby StaffApril 10, 2019

Swapalease: March Approval Rates Exceed 70%

Approval rates on Swapalease’s online marketplace were up 4.8% in March, registering a 70.7% approval rate, the highest since October.

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Newsby StaffApril 9, 2019

Black Book: Retention Index Down 0.6% in March

Black Book’s Used Vehicle Retention Index slipped again in March but showed a 1.7% year-over-year gain heading into April, when analysts expect the spring selling season to begin in earnest.

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Newsby StaffApril 9, 2019

Auto Loan Interest Rates Hit 10-Year High

Edmunds says the average APR for a U.S. new-vehicle loan was 6.36% in March, putting dealers and consumers on the cusp of a ‘dramatic shift’ toward the used-car market.

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Newsby Tariq KamalApril 3, 2019

March Sales Down 3.1% as SAAR Soars

The U.S. new-vehicle sales forecast improved to 17.42 million units in March, but sales fell 3.1% year-over-year against slowing demand fueled by higher interest rates, prices, and payments and reduced incentive spending.

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Newsby StaffMarch 29, 2019

NextGear Mourns Loss of Founder John Fuller

NextGear Capital announced that founder and floorplan financing innovator John Fuller has died at the age of 75.

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Newsby Tariq KamalMarch 29, 2019

Embattled Wells Fargo Chief Steps Down

Wells Fargo President and CEO Tim Sloan will retire effective June 30, ending an era marked by a series of scandals that rocked the company’s auto, home, and consumer banking divisions.

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Newsby StaffMarch 27, 2019

Equifax and FICO to Launch Data Decisions Cloud

Two consumer credit giants have partnered to launch the Data Decisions Cloud, a new data and analytics suite designed to speed credit decisioning for auto finance sources.

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Newsby StaffMarch 26, 2019

Maritz, Northwood Partner for Internship Program

Maritz and Northwood University announced a program designed to develop the next generation of automotive industry leaders through student internships, guest lectures, and a new scholarship.

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Newsby StaffMarch 20, 2019

Lease Prices Fall for Chevrolet, Ford, Nissan

Wantalease.com reports sharp drops and steep increases in average new-vehicle lease payments for March, including aggressive pricing for the Chevrolet Traverse and Ford Fusion.

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Newsby StaffMarch 19, 2019

PassTime Integrates With Solutions by Text

PassTime and Solutions by Text have partnered to deliver SBT’s SMS text-powered software suite to PassTime dealers.

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