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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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The rate of depreciation has been slowing in recent weeks and this past week, the overall Car segment week-over-week change crossed back into positive territory, with six out of the nine Car segments reporting gains.
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Inventory shortages continue to push average loan amounts and monthly payments for used vehicles higher.
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Lease credit approvals reached 70.0% in July; Up from 67.6% in June.
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Brands with unfavorable lease policies continue to see lower brand loyalty.
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Despite the limited inventory on dealer lots, dealer lanes continue to have higher volume at auction, while manufacturers’ remarketing lanes are offering less and less in open sales channels.
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Last month we noted that the record run of value increases we have seen over the past 18 months appeared to be slowing down and possibly ending.
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As wholesale prices started to decline in July, the seasonally adjusted Retention Index reversed the trend for the first time this year and decrease to 161.8 points.
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Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
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While this is the fourth consecutive week of declining wholesale values, decreases are still relatively modest compared to year-to-date gains.
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PayLink Direct and Olive.com will become public as Olive Ventures Holdings, Inc.
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