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Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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SEARCHMENUSEARCHMost financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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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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The Estimated Average Weekly Sales Rate dropped to 53% last week.
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Q3 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
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