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July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
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SEARCHMENUSEARCHCredit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
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It is not clear how current economic conditions will affect vehicle sales, auto lending and remarketing over the next 12 months.
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Used-car retailer grapples with waning demand in face of economic challenges.
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State-of-the art facility to enhance Proton Dealership IT’s cyber threat monitoring and response services.
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With the holidays approaching, auction lanes are following the trend of past weeks of being slow.
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New Experian report finds average loan terms extend for new and used vehicle loans as interest rates rise.
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Partners with Legacy Auto Credit in Ontario for app-based subscription-to-ownership program.
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Sales rates continue to be less than ideal, with many buyers exercising caution for fear of loading up on inventory that does not turn quickly, especially when values are experiencing heavy declines week after week.
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U.S. auto dealers cite a poor economy, higher interest rates and low inventory as the reason why, finds the Cox Automotive Dealer Sentiment Index.
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