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Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
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Average wholesale used-vehicle prices fell modestly in December but remained up on a year-over-year basis, according to a report from ADESA’s Chief Economist Tom Kontos.
Read More →In its latest newsletter, CNW Research says that even the slightest economic issue could upset the auto industry in 2015.
Read More →Used-vehicle values rose nearly 2% in the fourth quarter of 2014, thanks to a stronger job market and more attractive financing.
Read More →A 10.8% new-vehicle sales increase in December capped off a year in which the industry broke through the 16 million-unit mark.
Read More →On Jan. 2, GM Financial and GMAC UK acquired Ally’s 40% equity interest in SAIC-GMAC Automotive Finance Company Limited, a joint venture that conducts auto finance operations in China.
Read More →Stronger pricing activity and fuel price trends highlighted a better-than-expected 2014 for used-vehicle prices, which outperformed 2013 levels and beat Black Book’s initial expectation.
Read More →GO Financial, a Phoenix-based subprime auto finance company, completed the sale of an additional equity interest in the company to Manheim.
Read More →CreditMiner has reached an agreement with Equifax to deploy its Prescreen of One, a service that allows dealers to get real-time, prescreened finance offers for customers without having to collect their Social Security number or date of birth.
Read More →Officials with both companies say the collaboration will provide new machine-to-machine technology solutions for the connected car industry.
Read More →Average transaction prices in December were up nearly 3% from a year ago and nearly 1.6% from November, with Hyundai and Kia posting the largest percentage gain among major OEMs.
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