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Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
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SEARCHMENUSEARCHApril borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
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For the first time in recent history, some vehicles have appreciated in value or depreciated less than expected, finds a recent iSeeCars study.
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Report shows interest rates, continued high prices cramping volume.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
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At a San Diego industry gathering, market watchers predict continued slide from pandemic-era highs.
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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.
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Agency alleged that 8 dealerships charged illegal junk fees, discriminated against black buyers.
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Report shows those 60 days or more overdue reached 10-year high.
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Since early 2021, over 17,000 VW customers have paid for repairs over time with Sunbit technology.
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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.
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100 active auto dealers, dealership general managers, sales managers and directors who register for this year’s event online will receive their full show pass for no charge.
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