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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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LMC Automotive and J.D. Power predict U.S. auto retail sales will rise in October as supply chains improve and make more vehicles available to dealerships.
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In a down economy, industry experts recommend dealerships offer a range of finance and vehicle options to address budgetary concerns.
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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. Transparent pricing upfront makes the car buying process more enjoyable for customers and allows Black Book to accurately measure retail market trends.
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According to the Cox Automotive forecast released today, October’s U.S. new-vehicle sales volume is expected to rise over 4% from last year and finish with 1.11 million units sold, delivering a sales pace for October of 14.3 million.
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The steps Ford is taking now to cut costs and boost revenue could pay off in big dividends in the future.
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CEO acknowledges that greater market woes may be on the horizon.
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FTC accused Passport Automotive Group of deceitful ads, charges, and discriminatory lending.
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Repossessions are beginning to show up in the market and with fuel prices returning to a level last seen in February of this year, the Car segment valuations are taking the hardest hit.
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CDK Global offering polls U.S. customers on car availability and more.
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