News
Tariff Burden Making New Vehicles Less Affordable
New-vehicle affordability declined in April to the worst level yet this year as the bite of higher prices and lower incentives reversed an improving trend.
Read More →New-vehicle affordability declined in April to the worst level yet this year as the bite of higher prices and lower incentives reversed an improving trend.
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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.
Read More →The average interest rate for a new-vehicle loan in the first quarter of 2018 was 5.7%, according to Edmunds, up from the same time in 2013, when new-vehicle interest rates averaged 4.4%.
Read More →KAR Auction Services will be presenting at the Bank of America Merrill Lynch 2018 Auto Summit later this month, according to the company.
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Users will now have access to KBB vehicle valuations when assessing the value of their trade-in through the AutoGravity platform.
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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 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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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.
Read More →Steve Solomon brings over 20 years of experience in the remarketing industry, along with a tremendous amount of knowledge and experience to IARA, noted fellow co-chair Venkat Krishnamoorthy.
Read More →Wells Fargo Dealer Services agreed to repay another $5.4 million to about 450 service members whose vehicles were repossessed by the bank in violation of the Servicemembers Civil Relief Act, the U.S. Department of Justice announced this week.
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Lease credit approval fell to 47.6% in September, the lowest percentage of the year and a noticeable drop from the 68.3% that was reported in August, according to car lease marketplace Swapalease.com.
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