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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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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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July U.S. auto sales are expected to show very little change from June’s results as a lack of supply continues to batter the new-vehicle market.
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The Estimated Average Weekly Sales Rate remains somewhat stagnant, around the 66% mark.
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Despite challenges, TransUnion’s Credit Industry Insights Report shows consumer health and demand for new vehicles remains strong.
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The Estimated Average Weekly Sales Rate increased to 67%.
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Over the last two weeks, Manheim Market Report prices saw higher-than-normal but decelerating declines.
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With low inventory and high demand, incentives dropped to a record low in June, averaging only 2.3% of the average transaction price.
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McLaren and Fisker have branded their auto finance ventures and have them supported by Chase.
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As automakers report second quarter results, analysts say a market rebound may be on the way.
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A recession won’t affect U.S. auto dealers and manufacturers until the 12- to 18-month range, says Jonathan Smoke, chief economist-Cox Automotive.
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