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Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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SEARCHMENUSEARCHLast month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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The Federal Reserve announced its fourth hike in the federal funds rate this year and lowered its economic growth forecast for 2018 and 2019.
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Swapalease.com reports U.S. lease approval ratings declined by 2% in November following an October surge.
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Experian Boost was designed to give consumers the opportunity to raise their credit scores instantly by adding data to their Experian credit reports.
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Expert says affordable payments are the key to dealership success as incentives fall, interest rates rise, and the vast majority of Americans continues to budget around a twice-monthly paycheck.
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Wantalease.com reports increased new-lease discounts among compact cars, full-size cars, and entry-level luxury cars in the first two weeks of December.
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Black Book’s final depreciation report of 2018 finds prices for used cars and trucks decreased by 2.7% and 2.3%, respectively, with declines among compacts, minivans, and full-size utilities setting the pace.
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Cox Automotive’s latest Dealer Sentiment Index finds a ‘notable negative turn’ among U.S. dealers, the majority of whom took a dim view of the fourth-quarter market and their 2019 prospects.
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KAR Auction Services has consolidated its Recovery Database Network management team following the company’s acquisition of Clearplan.
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Payment technology expert says dealers and F&I professionals who are waiting for fintechs to go the way of the early-2000s dotcoms shouldn’t hold their breath.
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The National Automobile Dealers Association has released dates and locations for its next five annual conventions.
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