
TransUnion study finds borrowers used auto loan deferments as a safety net during the COVID-19 crisis.
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The automaker declares 2040 as the date it will phase out gasoline-powered cars.
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TransUnion research finds many consumers benefitted from leveraging financial hardship programs.
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Tekion’s native Automotive Retail Cloud platform is now integrated to RouteOne’s credit application and eContracting solutions.
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Electric vehicle registrations jumped 95% to 133,509 in January through April, compared to the same period in 2020.
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Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
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The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book.
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A majority of dealership leaders – approximately 65% – report they plan to increase the total number of employees in the dealership this year.
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Retail sales dropped 1.3% in May, following a 0.9% gain in April, reported the U.S. Department of Commerce.
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Acquisition will increase myKaarma customer count by 550 dealerships.
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