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.

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.

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

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

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.

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.

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

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

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

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

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...

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...

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...

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...

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%.

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

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

Swapalease credit approvals registered 65% entering July, a drop from the 72.4% approval rate registered in May, the company announced.

Black Book will begin offering vehicle verification information to automotive lenders to help reduce misrepresentation about a vehicle's trim and equipped...

Black Book will begin offering vehicle verification information to automotive lenders to help reduce misrepresentation about a vehicle's trim and equipped...

Originations for car buyers and lessees with sub-620 credit scores grew 13% to $27.9 billion, accounting for 21.8% of total outstanding auto balances in the...

New data from Swapalease.com’s survey-based Q1 lease trends report shows the decades-long domination of the lease market by sports cars and luxury sedans...

The annual percentage rate on new financed vehicles is expected to average 6.36% in March, compared to 5.66% last year and 4.44% five years ago, according...

John Fuller, founder of NextGear Capital, died Wednesday at age 75, the company announced. Fuller is known throughout the auto retail industry as an...

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...

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

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

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%...

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

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...

KAR Auction Services has hired John Sibbitt as vice president of business development for its Recovery Database Network, which provides banks and credit...

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%.

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

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

Leasing activity was up in the second quarter of 2018, due in part to a growing use of lease incentives.

Brian Sharples and Trynka Shineman — two executives who have experience with global digital companies and technology — joined the board on Aug. 3.

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

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...

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...

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...

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...

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

U.S. Bank has awarded ADESA Dallas with its Lease Return Segment Auction of the Year award, the bank has announced.

Westlake Financial Services will now list its vehicles on SmartAuction, as part of an agreement between Westlake and Ally Financial, according to a company...

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...

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...

KAR Auction Services will be presenting at the Bank of America Merrill Lynch 2018 Auto Summit later this month, according to the company.

Users will now have access to KBB vehicle valuations when assessing the value of their trade-in through the AutoGravity platform.

Tom Caruso, executive vice president at KAR Auction Services received the 2018 Remarketer of the Year Award at the 2018 Conference of Automotive...

Tom Caruso, executive vice president at KAR Auction Services received the 2018 Remarketer of the Year Award at the 2018 Conference of Automotive...