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Report: Used-Vehicle Prices Up 2% From 2018

In August, wholesale prices declined by 0.4% on a month-over-month basis while used-vehicle...

J.D. Power’s latest index finds average prices for used vehicles were up 2% year-over-year in August. Analysts say the segment will continue to drive profits for dealers for the foreseeable future.

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Escalating Finance Costs Drive 24% Spike in TCO

Depreciation remains the No. 1 contributor to new-vehicle buyers’ total cost of ownership, but...

AAA analysts say bigger price tags and higher interest rates have conspired to raise American new-car buyers’ average annual total cost of ownership to $9,282, an all-time high and a 24% year-over-year increase.

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Rooney Joins Hudco as Partner in DC Office

Rooney Joins Hudco as Partner in DC Office

Mark E. Rooney, an attorney whose practice focuses on consumer litigation defense and government investigations in the financial services industry, has joined the Washington, D.C., office of Hudson Cook LLP.

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NADA Mounts Opposition to Enhanced Safeguards Rule

NADA was among the entities that submitted official comments to Regulation.gov in response to...

National Automobile Dealers Association officials have told the FTC that proposed new provisions to the Safeguards Rule may be unnecessary and could cost smaller dealers more than $400,000 in the first calendar year of enforcement.

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Prime Buyers Flock to Used Vehicles in Q2 Report

Outstanding automotive loan balances totaled $1.197 billion in the second quarter, with the...

Experian’s Q2 auto finance report consumers continue to uncover ways to manage monthly payments. For a record percentage of prime borrowers, that meant passing on a $32,000-plus new-vehicle loan in favor of a pre-owned unit.

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Mazda Turns to Toyota for Captive Financing

Toyota Motor Credit has replaced JPMorgan Chase as Mazda’s captive finance company for U.S....

Toyota Motor Credit will offer loans, leases, and F&I products to Mazda’s U.S. dealers and customers, replacing the JPMorgan Chase-backed Mazda Capital Services as the factory’s captive finance company.