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Categories: Auto Finance, Dealer Ops, F&I
Swapalease: March Approval Rates Exceed 70%

Approval rates on Swapalease’s online marketplace were up 4.8% in March, registering a 70.7% approval rate, the highest since October.

https://www.fi-magazine.com/356485/swapalease-march-approval-rates-exceed-70
Categories: Auto Finance, Dealer Ops
Secondary Lease Approvals Dip Below 69% in August

Swapalease.com reports a high number of applicants and a slightly tighter credit market in August. A 68.9% approval rate fell short of July’s 69.1% and...

https://www.fi-magazine.com/358308/secondary-lease-approvals-dip-below-69-in-august
Categories: Auto Finance, Dealer Ops, Showroom
September Depreciation Report Shows 1% Overall Decline

Black Book reports used vehicle values fell by 1% in September, led by declines in the compact van and luxury car categories. Only one segment showed...

https://www.fi-magazine.com/359118/september-depreciation-report-shows-1-overall-decline
Categories: Auto Finance, Digital
Dealertrack, TCI Partner to Deliver Same-Day Contract Processing

An expanded partnership that includes a new integration between Dealertrack and Teledata Communications was designed to enable increased efficiency and...

https://www.fi-magazine.com/357125/dealertrack-tci-partner-to-deliver-same-day-contract-processing
Categories: Auto Finance, Dealer Ops
Maybee Named President of NextGear Capital

Ten-year auto finance veteran Scott Maybee has been named president of NextGear Capital after serving as general manager of Manheim Northstar Minnesota.

https://www.fi-magazine.com/359339/maybee-named-president-of-nextgear-capital
Categories: Auto Finance, Dealer Ops

A new collaboration between AmTrust Financial Services and PCMI Corp. will integrate PCMI’s reporting solution with AmTrust’s administration software.

https://www.fi-magazine.com/355653/amtrust-pcmi-partner-to-automate-and-enhance-reinsurance
Categories: Auto Finance, Opinion
3 Reasons to Believe in Leasing in 2019

Attractive price points, sustained value of off-lease units, and rising interest rates point toward leasing remaining a viable financing option for dealers...

https://www.fi-magazine.com/355451/3-reasons-to-believe-in-leasing-in-2019
Categories: Auto Finance, Dealer Ops, Industry
Auto Loans and Leases Up 1% in Q3

The Federal Reserve reports U.S. car buyers borrowed $159 billion in the third quarter, a modest gain powered by a 6% increase in originations to prime...

https://www.fi-magazine.com/359499/auto-loans-and-leases-up-1-in-q3
Categories: Auto Finance, Dealer Ops
Survey: Finance Execs Want More AI

Nearly 80% of C-suite finance executives expressed a growing need for artificial intelligence-driven auto loan processing procedures in a survey conducted...

https://www.fi-magazine.com/357759/survey-finance-execs-want-more-ai
Categories: Auto Finance, Dealer Ops
Lease Prices Steady Heading Into Memorial Day Weekend

Wantalease.com analysts report relatively flat lease pricing across most major brands, but increases on several popular models should give dealers enhanced...

https://www.fi-magazine.com/356882/lease-prices-steady-heading-into-memorial-day-weekend


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