Black Book: Market Insights Report
While this is the fourth consecutive week of declining wholesale values, decreases are still relatively modest compared to year-to-date gains.
While this is the fourth consecutive week of declining wholesale values, decreases are still relatively modest compared to year-to-date gains.
PayLink Direct and Olive.com will become public as Olive Ventures Holdings, Inc.
First portal in industry to offer lease payoff capability.
Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers.
CULA posted its 9th consecutive record month, with more leases processed in May and June than in any other months in its history.
With thousands of dealerships enrolled nationwide, the ZERO Plan finances most F&I products, reduces chargebacks by 50%, provides up to 42 monthly installments and funds in 7 days.
The increasing penetration of passenger vehicles, rising modernization of vehicles, and development of autonomous vehicles are some factors expected to drive the market growth during the forecast period.
The June Retention Index increased again, although at the slower rate, and broke yet another record, reaching 166.0 points.
As auto loans and credit apps rise, it appears Americans are more willing to take on debt.
AUTOPAY and DigniFi join forces to help drivers cut their interest payments in half and save as much as $8,000 on their car loan.
TransUnion study finds borrowers used auto loan deferments as a safety net during the COVID-19 crisis.
TransUnion research finds many consumers benefitted from leveraging financial hardship programs.
Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book.
Retail sales dropped 1.3% in May, following a 0.9% gain in April, reported the U.S. Department of Commerce.
Experian’s Q4 auto finance report lists America’s top 10 lease vehicles by market share, including one domestic SUV that captured nearly 4% of all new leases at the end of 2018.
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