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Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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F&I Showroom Magazine
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SEARCHMENUSEARCHMost financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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Inovatec Systems Corporation rebrands its compass lending platform as JAVELIN.
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Black Book recently published an update to their weekly COVID-19 Market Insights report.
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Lease approval ratings have remained steady since April.
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Black Book recently published an update to their weekly COVID-19 Market Insights report.
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Black book recently published an update to their weekly COVID-19 Market Insights Report.
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High dealership earnings drive buy/sell market to boomerang back in Q2, with first half of 2020 surpassing 2019, according to The Blue Sky Report® by Kerrigan Advisors; very active buy/sell market predicted for second half of 2020.
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This integration aligns with Mastermind’s goal of consistently enhancing Market EyeQ to enable its dealer partners to sell more cars with high returns.
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August’s SAAR of 15.2 million units marked a 4.8% increase from July’s SAAR of 14.5 million units but is down 11% compared with August 2019.
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The average loan amount for a new vehicle jumps $4,000; however, the average monthly payment remains steady.
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The August index hit a new all-time high, now the highest it’s been since May 2014.
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