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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 market experienced record-breaking price increases this past week, as the supply and demand imbalance continued to drive up wholesale prices.
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The enhanced data provided will allow dealers and consumers to avoid killing a deal over a trade-in value.
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Incorporating vehicle history reports into the lending decisions can help uncover hidden issues with the vehicle and adjust loan terms accordingly.
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TransUnion’s Consumer Pulse study explores the pandemic’s financial impact during the last year.
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Black Book released their weekly automotive Market Insights report.
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Lease credit approvals reached 70.8% in February; Up slightly from 68% in January.
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February saw another record broken with the Index reaching 130 points for the first time.
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Look for further data updates as the Cox Automotive Industry Insights team dives into the results and shares insights on average transaction prices, fleet performance, CPO sales, inventory levels and more.
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February was another record-breaking month, with the Retention Index reaching 130 points for the first time. All segments saw an increase in the Index with Full-Size pickups leading the way – that segment stands 23% higher than it was in February of 2020.
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According to the J.D. Power 2021 U.S. Automotive Commercial Lending Satisfaction Study, the difference between good and great dealer-lender relationships comes down to four key steps.
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