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Categories: Banks and Credit Unions
Embattled Wells Fargo Chief Steps Down

Tim Sloan, president and CEO of Wells Fargo & Co., will retire June 30, the bank announced. General Counsel Allen Parker will serve as interim chief...

https://www.vehicleremarket.com/328433/embattled-wells-fargo-chief-steps-down
Categories: Banks and Credit Unions, Remarketing, Used Vehicle Values
What the Fed's Flat Interest Rates Will Mean for Used Cars

The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.

https://www.vehicleremarket.com/328008/what-no-federal-interest-rate-hikes-in-2019-means-to-the-used-market
Categories: Banks and Credit Unions, Remarketing, Used Vehicle Values
What the Fed's Flat Interest Rates Will Mean for Used Cars

The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.

https://www.automotive-fleet.com/328008/what-no-federal-interest-rate-hikes-in-2019-means-to-the-used-market
Categories: Banks and Credit Unions
Auto Loans Reach $1.14 Trillion

Average monthly payments for new-vehicle purchases ($530), new-vehicle leases ($430), and used vehicles ($381) all reached new highs, growing by 4% to 6%...

https://www.vehicleremarket.com/325672/us-auto-loans-reach-1-14-trillion
Categories: Banks and Credit Unions

Non-prime lending firm United Auto Credit named Missouri Auto Auction its 2018 Auction of the Year.

https://www.vehicleremarket.com/325631/united-auto-credit-names-its-top-auction
Categories: Banks and Credit Unions
Bank of America Integrates Carvana into Digital Car Shopping Platform

The Bank of America digital car shopping and financing platform will now add more than 15,000 Carvana vehicles to its existing inventory of both new and...

https://www.vehicleremarket.com/324954/bank-of-america-integrates-carvana-into-digital-car-shopping-platform
Categories: Banks and Credit Unions
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...

https://www.vehicleremarket.com/322646/kar-hires-recovery-database-network-vp
Categories: Banks and Credit Unions
Lease Approvals Fall Slightly in November

Swapalease.com reports car lease credit applicants registered a 68.9% approval rate in November, a slight drop from the October rate of 70.9%.

https://www.vehicleremarket.com/321683/lease-approvals-fall-slightly-in-november
Categories: Banks and Credit Unions
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...

https://www.vehicleremarket.com/319284/kar-auction-services-adds-asset-recovery-platform
Categories: Banks and Credit Unions
Leasing Preferences Shifting Toward Trucks: Swapalease

Retail customers may be moving away from luxury vehicles and toward trucks and SUVs for their leases, according an analysis from Swapalease.com.

https://www.vehicleremarket.com/314777/leasing-preferences-shifting-toward-trucks-swapalease


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