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Newsby Tariq KamalApril 3, 2019

March Sales Down 3.1% as SAAR Soars

The U.S. new-vehicle sales forecast improved to 17.42 million units in March, but sales fell 3.1% year-over-year against slowing demand fueled by higher interest rates, prices, and payments and reduced incentive spending.

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Newsby StaffMarch 29, 2019

NextGear Mourns Loss of Founder John Fuller

NextGear Capital announced that founder and floorplan financing innovator John Fuller has died at the age of 75.

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Newsby Tariq KamalMarch 29, 2019

Embattled Wells Fargo Chief Steps Down

Wells Fargo President and CEO Tim Sloan will retire effective June 30, ending an era marked by a series of scandals that rocked the company’s auto, home, and consumer banking divisions.

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Newsby StaffMarch 27, 2019

Equifax and FICO to Launch Data Decisions Cloud

Two consumer credit giants have partnered to launch the Data Decisions Cloud, a new data and analytics suite designed to speed credit decisioning for auto finance sources.

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Newsby StaffMarch 26, 2019

Maritz, Northwood Partner for Internship Program

Maritz and Northwood University announced a program designed to develop the next generation of automotive industry leaders through student internships, guest lectures, and a new scholarship.

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Newsby StaffMarch 20, 2019

Lease Prices Fall for Chevrolet, Ford, Nissan

Wantalease.com reports sharp drops and steep increases in average new-vehicle lease payments for March, including aggressive pricing for the Chevrolet Traverse and Ford Fusion.

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Newsby StaffMarch 19, 2019

PassTime Integrates With Solutions by Text

PassTime and Solutions by Text have partnered to deliver SBT’s SMS text-powered software suite to PassTime dealers.

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Newsby StaffMarch 13, 2019

Swapalease: Lack of Dealer Incentives Fuels Secondary Lease Market

Swapalease reports credit approval rates on its online marketplace dipped slightly in March, but traffic is up as consumers encounter high lease prices at dealerships.

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Newsby Tariq KamalMarch 13, 2019

US, Canadian Dealers Strong as Disruptors Advance in Global Auto Finance Report

FICO’s second annual survey of auto finance customers finds the United States and Canada atop the dealer-arranged financing rankings even as the number of auto loans originated online jumped from 5% to 13% year-over-year.

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Newsby StaffMarch 12, 2019

PassTime Completes AFS Dealers Integration

PassTime and AFS Dealers have completed a software integration designed to allow BHPH and LHPH dealers to manage multiple facets of their businesses on one interface.

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