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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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E-signature and e-contracting technologies are more widespread, but digital e-vault tools for securitization and collateralization are focus for 2023
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November’s SAAR of 14.1 million units rose 7.9% compared to November 2021 but was down 6.5% compared to October 2022.
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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.
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36 states alleged the used-car retailer sold cars with open safety recalls without letting buyers know.
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But analysts predict used vehicle prices will remain higher than pre-pandemic prices for years to come.
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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.
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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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