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Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3% year-over-year decline.
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A joint statement from the nation’s biggest banking regulators expressed cautious optimism toward emerging decisioning models that could generate more auto loans.
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All but a few Asian and highline factories reported double-digit gains in U.S. sales last month, priming the industry for a big December and a fifth straight 17 million-unit year.
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Understory has released Auto – Hail Safe, a new hail insurance product designed to combine ground-truth weather detection with new coverage and claims technology.
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Kelley Blue Book reports the average cost to buy a new vehicle was $38,393 last month, a 1% year-over-year increase restrained by frantic efforts to move 2019-MY inventory.
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A new study commissioned by Affinitiv finds U.S. auto groups lose up to $230,000 in per-store service revenue by failing to cross-market off make used car buyers.
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Perillo Motor Cars and its owner, Joe Perillo, stand accused of polluting the Chicago River in violation of the federal Clean Water Act and Rivers and Harbors Appropriation Act.
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myKaarma has partnered with Uber for Business to offer auto dealers a new way to pick up and drop off service customers.
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Flick Fusion has launched Dynamic Marketing Videos, a new platform billed as a time- and cost-saver for auto dealers who create videos based on monthly manufacturer incentives.
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Liberty Mutual and Safeco Insurance have named DealerPolicy to its list of 2019 Agent for the Future winners, a program designed to recognize innovation and advancement.
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