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Q&A: Dealers Push CUs to New Heights

Q&A: Dealers Push CUs to New Heights

CU Direct’s Evan Etheridge says dealers deserve credit for the advancement of credit unions in the auto lending space and benefit from partnering with a reliable, local finance source.

June 27, 2019

Black Book, Autodata Partner to Launch As-Built Valuation
Black Book Launches Anti-Powerbooking Solution

Black Book Launches Anti-Powerbooking Solution

Black Book has unveiled Asset Verification Tool, a proprietary VIN-level identifier designed to help auto finance sources reduce the risk of fraud at loan origination.

June 20, 2019

ADT Announces Winners of 2019 Dealers’ Choice Awards

ADT Announces Winners of 2019 Dealers’ Choice Awards

Auto Dealer Today has revealed the winners of the 15th annual Dealers’ Choice Awards, a program that gives dealers and dealership personnel the opportunity to recognize their favorite vendors, suppliers, and finance sources in 35 categories.

June 19, 2019

Swapalease: Lease Approval Rates Hit 72.4% in May

Swapalease: Lease Approval Rates Hit 72.4% in May

Credit approval rates on Swapalease.com’s online lease marketplace soared to their highest number yet for 2019 last month, registering a 6.2% year-over-year gain and a 33.6% improvement from May 2017.

June 19, 2019

Trust Science, Inovatec to Launch Alternative-Credit Platform

Trust Science, Inovatec to Launch Alternative-Credit Platform

Trust Science and Inovatec Systems have partnered to release what is billed as the world’s first end-to-end decisioning platform powered by alternative credit scores, including 64 million unbanked and underbanked U.S. car buyers.

June 19, 2019

Study: Off-Lease Supply Drives Pre-Owned Demand

Study: Off-Lease Supply Drives Pre-Owned Demand

TransUnion analysts report more consumers in the prime and superprime credit tiers are choosing to buy used as off-lease units continue to flood the market, offering a budget-friendly alternative to increasingly expensive new cars.

June 19, 2019

Spireon Adds Spanish-Language Version of GoldStar Connect
PassTime Adds AT&T Connectivity

PassTime Adds AT&T Connectivity

PassTime announced the addition of AT&T Internet of Things connectivity to its suite of automotive and powersports asset management products and solutions.

June 17, 2019

FTC: DealerBuilt Hack Affected 130 Dealerships

FTC: DealerBuilt Hack Affected 130 Dealerships

A 2016 cyberattack laid bare the personally identifiable information of about 12.5 million customers of 130 U.S. dealerships, according to a Federal Trade Commission bulletin announcing a consent agreement with dealer software provider DealerBuilt.

June 13, 2019

Dealertrack, TCI Partner to Deliver Same-Day Contract Processing
Experian: Facing Higher Loan Amounts, Prime Buyers Go Used
KBB.com: New-Car Prices Up Nearly 4% in May

KBB.com: New-Car Prices Up Nearly 4% in May

Kelley Blue Book analysts say a parade of new models helped drive the average price for a new vehicle sold in the U.S. to $37,185 in May, a 3.7% year-over-year increase.

June 4, 2019

3 Reasons to Partner With CUs in Markets Like This
Subprime Up 13% as Total Auto Originations Decline

Subprime Up 13% as Total Auto Originations Decline

The Federal Reserve Bank of New York’s Q1 U.S. household debt report finds auto loan and lease originations declined slightly year-over-year — except for sub-620 customers — while 90-day delinquencies grew by 9.2%.

May 21, 2019