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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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Throughput increased in 2021 as U.S. light-vehicle sales rose to nearly 14.75 million vehicles, according to dealership census.
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Driveway becomes first online car dealership to pay customers via real-time payments.
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Flagship Credit Acceptance provides indirect automotive financing for over 10,000 automotive dealerships nationwide, for both new and used vehicles.
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Franchise dealers have started noticeably competing against large independent dealers for desirable units, but rental partners have really shown their dominance in many lanes, especially for cleaner, low-mileage vehicles.
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BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.
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Overall market declines continued last week, but the rate of declined lessened.
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February’s CPO result is the highest since October 2021 and interrupts a six-month downward trend.
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New partnership is announced as Mitsubishi Motors experiences record-breaking sales success, led by the all-new 2022 Mitsubishi Outlander.
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Declines in wholesale prices continued last week, despite an improvement in conversion rates.
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Funding round supports further expansion and solidifies AutoFi’s position in the changing landscape of automotive retail.
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