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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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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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The agency alleged that 8 dealerships charged illegal junk fees and 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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Dealers can now get reconditioned vehicles front line-ready faster and boost sales.
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Most survey respondents predict their profits will be flat or rise, though fewer expect an increase.
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