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The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
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At a record 69.3 months, average new-vehicle finance terms have stretched 6.8% from five years ago. The average amount financed and average monthly payment also registered new highs.
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With its announced investment, Volkswagen’s captive finance company joins the automotive fintech firm’s mobile car shopping and financing platform. VW Credit also launched its own AutoGravity-powered smartphone app.
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Special finance guru Greg Goebel will deliver the evening keynote address to a combined audience of Industry Summit and P&A Leadership Summit attendees.
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Transaction prices grew slower than usual for the month of June, rising 1.5% from a year ago to $34,442. Transaction prices for popular categories like full-size trucks and mid-size cars were flat, while the average for a compact SUV rose only 1%.
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A new report from Edmunds says bloated inventories and escalating incentives could signal a market correction for booming SUV sales.
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Attorney and Mosaic Compliance Services cofounder Jim Ganther will deliver a featured presentation on Easy-to-Implement Processes and Controls at Compliance Summit in September.
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Bankrate’s latest Car Affordability Survey finds Washington, D.C., is the most affordable city in which to buy a new car.
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Despite record incentive spending, the auto industry is on pace to record its weakest first-half sales performance since 2014, according to the two firms. Days to turn remained at 70 through June 18, the highest level since July 2009.
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FrogData’s rapid expansion continues with the hiring of Heiser Automotive Group and CDK Global executive Chris Dulla.
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The vehicle information site put June's SAAR at 16.3 million, which would mark the fourth month in a row the SAAR comes in below 17 million. It would also be the longest below-17-million streak since the six-month streak set at the end of February 2015.
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