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Bank of America Integrates Carvana into Digital Car Shopping Platform
KAR Hires VP for Recovery Database Network

KAR Hires VP for Recovery Database Network

KAR Auction Services has hired John Sibbitt as vice president of business development for its Recovery Database Network, which provides banks and credit unions with software and data solutions to manage repossession and the disposition value chain, KAR has announced.

January 11, 2019

Lease Approvals Fall Slightly in November
KAR Auction Services Adds Asset Recovery Platform

KAR Auction Services Adds Asset Recovery Platform

KAR Auction Services has acquired Reno, Nev.-based Clearplan, a digital platform for recover agents, drivers, forwarders, and lenders that provides a centralized hub for repo workflow and logistics management.

November 13, 2018

Leasing Preferences Shifting Toward Trucks: Swapalease
Lease Activity Up in Second Quarter
Ally Financial Appoints Two Executives to Board of Directors
Lease Approvals Tumble in June

Lease Approvals Tumble in June

Lease credit approvals on Swapalease’s marketplace took a small dip in June, falling to 68.4%, the company noted in an announcement.

July 13, 2018

CU Direct and CU Direct Connect Expand Credit Union Lending

CU Direct has partnered with CU Direct Connect in order to better meet the growing indirect lending needs of credit unions and to strengthen the position of the credit union industry with auto dealers across the country.

June 21, 2018

Fed Reserve Approves Second Rate Hike of 2018

Fed Reserve Approves Second Rate Hike of 2018

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.

June 15, 2018

Used Vehicle Loans Increase $410 in Past Year

Used Vehicle Loans Increase $410 in Past Year

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.

May 31, 2018

Lease Approvals Rise 10% in April

Lease Approvals Rise 10% in April

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

May 30, 2018

ADESA Dallas Earns U.S. Bank's Lease Return Award
SmartAuction Adds Listings From Westlake Financial Services

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.

April 17, 2018