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Fed Reserve Approves Second Rate Hike of 2018

Chairman Jerome Powell discusses the decision to raise the Federal Funds Rate by a quarter point...

With the labor market continuing to strengthen and economic activity rising at a solid rate, the Federal Reserve raised the Federal Funds Rate a quarter percentage point for the second time this year — putting the target for short-term rates in the 1.75 to 2% range.

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Used Vehicle Loans Increase $410 in Past Year

New and used car loan amounts rose in the first quarter of 2018, the number of people leasing...

The loan amount for a new vehicle in the first quarter of 2018 was $31,445, $921 higher than the same period in 2017. In the used segment, the average loan amount for a vehicle was $19,536, $410 higher compared to the year-ago period.

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Lease Approvals Rise 10% in April

Car lease approvals on Swapalease have been rising through most of 2018, in April they were up...

Retail leasing applicants registered a 70% approval rate on Swapalease during April, a 10% increase from the same time last year, the company announced.

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Lease Approval Rates Rise 2% in March

Lease approval rates registered 67.3% for Swapalease.com in March, which were 2% higher than the month before and signify a possible upswing in approval rates, according to the company.

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2018 Remarketer and Consignor of the Year Named

Jeannie Chiaromonte, VP, national remarketing manager at Bank of America won this year's...

Tom Caruso, executive vice president at KAR Auction Services received the 2018 Remarketer of the Year Award at the 2018 Conference of Automotive Remarketing. Jeannie Chiaromonte, VP, national remarketing manager at Bank of America received the 2018 Consignor of the Year Award.

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U.S. Bank to Offer Used Vehicle Financing Online

Screenshot.

U.S. Bank has partnered with AutoGravity to create a new platform that allows consumers to shop for a new car and receive pre-approval for a loan directly on the bank’s website, according to a company announcement.

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Lease Approval Rates Fall 4% in January

Lease Approval Rates Fall 4% in January

The decline came as a result of a higher-than-average number of applicants in January. More people looking to get into a lease during the month, allowed for a higher number of people to not qualify for a lease, according Swapalease.com.