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Categories: Banks and Credit Unions, Captive Finance, Fleet, Remarketing
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.

https://www.automotive-fleet.com/10240884/tariff-burden-making-new-vehicles-less-affordable
Categories: Banks and Credit Unions, Fleet, Operations, Remarketing
Strategic Remarketing Solutions Integrates with MeridianLink

The arrangement accesses cloud-based software designed to help financial institutions keep track of their vehicle and asset collections and limit repetitive...

https://www.automotive-fleet.com/10224561/strategic-remarketing-services-integrates-with-meridianlink
Categories: Associations, Auctions, Banks and Credit Unions, Operations, Remarketing
Why Business Groups Must Engage with Government

CAR 2023: Politics may be tough territory, but trade groups that build bridges in Washington, D.C. are less likely to get eaten at the regulatory table.

https://www.automotive-fleet.com/10199214/why-business-groups-must-engage-with-government
Categories: Associations, Banks and Credit Unions, Remarketing
Government ‘Rulapalooza’ Ready to Roll Out

Auto finance companies and remarketers should prepare to navigate a more active regulatory environment this year from the CFPB and FTC.

https://www.vehicleremarket.com/10190775/government-rulapalooza-ready-to-roll-out
Categories: Banks and Credit Unions
Used Vehicles Accounting for Larger Share of Auto Finance Market

Used financing increased 2.4% year-over-year and reached 55.15% in the third quarter of 2019.

https://www.vehicleremarket.com/346036/used-vehicles-accounting-for-large-share-of-auto-finance-market
Categories: Banks and Credit Unions, Vehicle OEM
Frontier Leads Early Wave of Lease Price Drops

Several manufacturers offered attractive discounts and competitive pricing on compact cars and SUVs, while most luxury and full-size vehicle brands...

https://www.vehicleremarket.com/345948/frontier-leads-early-wave-of-lease-price-drops
Categories: Banks and Credit Unions, Leasing
Fed Triggers Third Interest Rate Cut of 2019

The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at...

https://www.automotive-fleet.com/343679/fed-triggers-third-interest-rate-cut-of-2019
Categories: Banks and Credit Unions, Operations
Auto Loans Likely Won't be Affected by Recent Interest Rate Cut

Cox Automotive’s chief economist, Jonathan Smoke, said he didn’t expect the Fed’s latest move to match the impact of the July cut for auto manufacturers or...

https://www.vehicleremarket.com/340947/auto-loans-likely-wont-be-affected-by-recent-interest-rate-cut
Categories: Banks and Credit Unions
Lease Credit Approval Rates Rise to 69.1% in July

Swapalease.com, a car lease marketplace, reports car lease credit applicants registered a 69.1% approval rate in July, a rise from the June rate of 65%.

https://www.vehicleremarket.com/338554/lease-credit-approval-rates-rise-to-69-1-in-july
Categories: Banks and Credit Unions, Leasing
Fed Announces First Rate Cut in 11 Years

Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by...

https://www.automotive-fleet.com/337452/fed-announces-first-rate-cut-in-11-years


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