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Newsby StaffDecember 2, 2019

Pre-Owned Values Down 1.4% in November

Black Book reports retained values for used vehicles decreased sharply last month. If the index holds through December, it will end 2019 on a year-over-year decline of nearly 2%.

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Newsby StaffNovember 26, 2019

Frontier Leads Early Wave of Lease Price Drops

The latest report from Wantalease.com finds several factories already offering lease discounts ahead of the usual year-end rush.

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Newsby StaffNovember 25, 2019

Report: Spike in Wholesale Volume Hurts Pre-Owned Values

Prices for used vehicles declined 4.2% in the first 10 months of 2019 while volume increased 5.2%, J.D. Power analysts say, a trend that has begun to affect the commercial market.

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Newsby Tariq KamalNovember 19, 2019

Auto Loan and Lease Activity Slows as Balances Grow

Equifax analysts say U.S. auto loan and lease originations declined 0.6% and 3.9% year-over-year in the first half of 2019, but balances for new vehicle loans were up 2.6%.

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Newsby StaffNovember 14, 2019

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 credit customers.

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Newsby StaffNovember 14, 2019

Ford Credit Tops All Finance Sources in Customer Satisfaction

Ford Motor Credit is No. 1 in J.D. Power’s latest rankings of customer satisfaction with auto finance companies. Analysts say the metric is increasingly driven by the digital experience.

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Newsby StaffNovember 4, 2019

Used Trucks Lost More Value Than Sedans in October

Black Book’s latest Used Vehicle Retention Index report shows retained values for light trucks declined at a faster rate than many car segments.

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Newsby StaffNovember 4, 2019

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.

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ArticlesNovember 4, 2019

Consumers Prioritize Affordability as Loan Amounts Increase

Wary of unmanageable monthly payments, the American car buyer’s attention is increasingly shifting toward used vehicles, leases, and longer terms as the cost to buy a new car or truck continues to climb.

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Newsby StaffNovember 2, 2019

Average New Vehicle Prices Up Nearly 3% in October

Kelley Blue Book analysts say the average new vehicle transaction climbed to $38,259 in October, a slight decline from the prior month but 2.9% higher than a year ago.

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