Auto Finance Pros Progressing on Digital Adoption
E-signature and e-contracting technologies are more widespread, but digital e-vault tools for securitization and collateralization are focus for 2023
E-signature and e-contracting technologies are more widespread, but digital e-vault tools for securitization and collateralization are focus for 2023
November’s SAAR of 14.1 million units rose 7.9% compared to November 2021 but was down 6.5% compared to October 2022.
After the slowdown in depreciation during the week of Thanksgiving, the depreciation picked up the pace once again last week, but the overall market did not experience the level of declines seen before the holiday.
36 states alleged the used-car retailer sold cars with open safety recalls without letting buyers know.
But analysts predict used vehicle prices will remain higher than pre-pandemic prices for years to come.
Last week was a short week with the Thanksgiving holiday, and the auction results reflected this with the level of declines continuing, but at the lowest level we’ve seen since the third week of July.
For the first time in recent history, some vehicles have appreciated in value or depreciated less than expected, finds a recent iSeeCars study.
Report shows interest rates, continued high prices cramping volume.
Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
At a San Diego industry gathering, market watchers predict continued slide from pandemic-era highs.
The fourth quarter typically accounts for the majority of the yearly depreciation, but this year the declines started in Q3 and are continuing to trend higher than typical for this time of year.
Agency alleged that 8 dealerships charged illegal junk fees, discriminated against black buyers.
Report shows those 60 days or more overdue reached 10-year high.
Since early 2021, over 17,000 VW customers have paid for repairs over time with Sunbit technology.
The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.
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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