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Latest Figures on Lease Credit Approvals Showing a Slight Decrease for May
Lease credit approvals reached 69.9% in May; Down slightly from 70.7% in April.
Lease credit approvals reached 69.9% in May; Down slightly from 70.7% in April.
Experian’s latest report also highlights geographic trends in automotive finance.
New Experian services support employers, human resources, corporate tax and payroll professionals while improving experiences for consumers and lenders.
Auto loan originations and leases to subprime borrowers fell to just 15% of the total in the first quarter, reported the New York Federal Reserve.
Volkswagen strength driven by best-selling models; Tesla falls on price declines for its most expensive vehicles.
New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.
The company will continue growing its indirect lending business while also branching into direct-to-consumer financing, traditional retail financing, and lending across the full credit spectrum.
The Black Book April Retention Index broke yet another record, reaching 152.4 points.
Finance industry veteran brings decades of dealer-focused experience to the management role.
Chief Executive Officer Jon Lamb and President Craig Vaughn will lead MUSA in the expansion of its used car leasing platform, as well as new ventures into traditional retail auto finance, direct lending and serving customers across a wider credit spectrum.
Have you ever had trouble getting back on track after a customer raises an objection? F&I trainer John Tabar says what you need is a good transition statement.
Credit unions ramping up their abilities to serve their customers digitally is playing an ever-increasing role in satisfying auto-lead and auto-loan origination for their dealership partners.
This month, tens of millions of federal stimulus checks hit bank accounts across the country. If last year is any guide, many of those will wind up being used to buy powersports vehicles of one type or another.
History Adjusted Residual Values are an industry first.
The market continues to increase, but the rate of weekly gains has slowed while still remaining at levels that would be record-setting by any historical comparisons.
Experian’s Q4 auto finance report lists America’s top 10 lease vehicles by market share, including one domestic SUV that captured nearly 4% of all new leases at the end of 2018.
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