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Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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SEARCHMENUSEARCHLast month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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A series of upbeat metrics has CNW putting December new-vehicle sales in the 1.5 million-unit range, a 10% increase vs. the year-ago period.
Read More →CNW says three million leases are set to expire in 2014, fueling the firm’s prediction of a solid year for the certified pre-owned market.
Read More →GrooveCar Direct has partnered with MIDFLORIDA Credit Union and Tuscaloosa Teachers Credit Union. The two credit unions will take advantage of the buying resource's suite of products to grow auto originations.
Read More →Longtime California dealer Joe Boccalero passed away on Nov. 27 at the age of 92. He served as the former president of Domenich Basso Inc. and operated a Chrysler Jeep dealership in Los Angeles for 40 years.
Read More →With its recent payment, the auto finance source has now returned more than 70 percent of the government’s $17.2 billion investment.
Read More →CNW Research issued a warning this week, reporting that lease contracts have been overestimating residual values by roughly 14 percent in 2013. The firm expects automakers to lose between $5 billion and $8 billion within three years.
Read More →DealerCenter has integrated RouteOne's credit application management platform into its DMS offering, allowing users to send a deal to any of RouteOne's more than 1,000 finance sources directly from its system.
Read More →The captive finance company reached one million customer accounts today. The milestone contract was for a lease of a Volkswagen Jetta.
Read More →VW Credit Inc. will begin offering retail financing for Ducati motorcycles through its recently established Ducati Financial Services. The new captive finance company is expected to open this month.
Read More →Not since the fall 2007 has the industry’s SAAR reached the 16 million-unit level. The NADA also reports that August went on record for the highest monthly sales volume this year.
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