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Trump Touts Tax Cuts on Dealer Visit

Trump Touts Tax Cuts on Dealer Visit

President Trump kicked off a weeklong public awareness campaign for the 2017 Tax Cuts and Jobs Act with a visit to Nuss Truck and Equipment in Burnsville, Minn.

April 16, 2019

Report: 2019 Depreciation Rate Up Sharply to 15%
Q4 Revisited: Affordability, Not Delinquency, Is Cause for Concern
Swapalease: March Approval Rates Exceed 70%
Black Book: Retention Index Down 0.6% in March

Black Book: Retention Index Down 0.6% in March

Black Book’s Used Vehicle Retention Index slipped again in March but showed a 1.7% year-over-year gain heading into April, when analysts expect the spring selling season to begin in earnest.

April 9, 2019

Auto Loan Interest Rates Hit 10-Year High

Auto Loan Interest Rates Hit 10-Year High

Edmunds says the average APR for a U.S. new-vehicle loan was 6.36% in March, putting dealers and consumers on the cusp of a ‘dramatic shift’ toward the used-car market.

April 9, 2019

March Sales Down 3.1% as SAAR Soars

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.

April 3, 2019

NextGear Mourns Loss of Founder John Fuller
Embattled Wells Fargo Chief Steps Down

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.

March 29, 2019

Equifax and FICO to Launch Data Decisions Cloud

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.

March 27, 2019

Maritz, Northwood Partner for Internship Program

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.

March 26, 2019

Lease Prices Fall for Chevrolet, Ford, Nissan

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.

March 20, 2019

PassTime Integrates With Solutions by Text
Swapalease: Lack of Dealer Incentives Fuels Secondary Lease Market
US, Canadian Dealers Strong as Disruptors Advance in Global Auto Finance Report