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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.

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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.

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.

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.

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.

Spireon Adds Spanish-Language Version of GoldStar Connect

Spireon announced the addition of a Spanish-language version of its flagship GPS platform at the National Independent Automobile Dealers Association’s annual conference.

Spireon Appoints Skutta President of Automotive

Spireon has united multiple automotive channels into a single division to be led by TrueCar and Autotrader veteran Brian Skutta.

Dealertrack, TCI Partner to Deliver Same-Day Contract Processing

An expanded partnership that includes a new integration between Dealertrack and Teledata Communications was designed to enable increased efficiency and faster funding for more auto finance sources.

Experian: Facing Higher Loan Amounts, Prime Buyers Go Used

More consumers in the prime and superprime credit tiers opted for used vehicles as concerns around affordability grew in the first quarter, according to the latest report from Experian.

Study: Tesla Drivers Have Highest Credit Scores

An analysis of more than 35,000 loans for pre-owned vehicles on the LendingTree platform finds Tesla, Porsche, and Lexus buyers had the highest average credit scores.