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Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
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Traditionally, values would be declining this time of year, but the lack of inventory continues to be the most common sentiment for the increased auction activity pushing values up.
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Our team of auto financing professionals has extensive local market knowledge to meet dealers’ unique needs in a personal, professional and efficient manner.
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Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
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Overall, the data shows encouraging signs for the automotive finance market.
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The seasonally adjusted Retention Index increased to 169.5 points, hitting another record this year.
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As we move into the Fall season, wholesale prices began to show a positive movement once again and reached the highest point of the year last week.
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Overall, recent polling indicates more Americans are feeling better about the quality of their financial life now, relative to their expectations, compared to the end of 2020.
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U.S. new vehicle retail sales are expected to drop 888,900 units in September, from 1,182,788 a year ago.
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The market continued to make gains this past week, marking the fourth consecutive week of overall wholesale value increases.
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Automobile sales in September are forecast to slow for the fifth straight month, as tight inventory, high prices take a toll on the industry.
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