Despite the limited inventory on dealer lots, dealer lanes continue to have higher volume at auction, while manufacturers’ remarketing lanes are offering less and less in open sales channels.
Last month we noted that the record run of value increases we have seen over the past 18 months appeared to be slowing down and possibly ending.
As wholesale prices started to decline in July, the seasonally adjusted Retention Index reversed the trend for the first time this year and decrease to 161.8 points.
Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
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.
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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