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Used Car Price Gap Grows to $15K in Q3 Report

Used Car Price Gap Grows to $15K in Q3 Report

Edmunds’ latest Used Car Report finds high off-lease volumes have suppressed prices and widened the gap between new and 3-year-old models to an average of $14,951.

December 13, 2019

Q3 Auto Finance: Used Accounts for 55% of Loans
November Auto Loan Interest Rates Hit 21-Month Low
Discounts, Incentives Stabilize New Vehicle Prices in November
Frontier Leads Early Wave of Lease Price Drops
Report: Spike in Wholesale Volume Hurts Pre-Owned Values
Auto Loans and Leases Up 1% in Q3

Auto Loans and Leases Up 1% in Q3

The Federal Reserve reports U.S. car buyers borrowed $159 billion in the third quarter, a modest gain powered by a 6% increase in originations to prime credit customers.

November 14, 2019

Ford Credit Tops All Finance Sources in Customer Satisfaction
Average New Vehicle Prices Up Nearly 3% in October
Mini Dealers Get Flat-Rate Auto Finance Program

Mini Dealers Get Flat-Rate Auto Finance Program

Mini Financial Services has launched Flipped Financing, a new captive finance option billed as a simplified, low-pressure, single-rate approach for dealers, finance managers, and customers.

October 23, 2019

Gilchrist: USMCA a Win for Dealers, Industry

Gilchrist: USMCA a Win for Dealers, Industry

NADA Chairman Charlie Gilchrist voiced his support for the United States-Mexico-Canada Agreement in remarks at a press event. The Texas dealer urged Congress not to ignore the ‘reality’ of an auto industry built on favorable relationships among the three nations.

October 9, 2019

Cox: Franchised, Independent Dealers See Two Different Markets
Subprime Fell to Lowest Share Since 2011 in April

Subprime Fell to Lowest Share Since 2011 in April

An Equifax review of auto finance data from the first four months of 2019 found subprime’s percentage of total originations fell to 22.7% for all purchases and 9.2% of new-vehicle leases.

September 12, 2019

Escalating Finance Costs Drive 24% Spike in TCO

Escalating Finance Costs Drive 24% Spike in TCO

AAA analysts say bigger price tags and higher interest rates have conspired to raise American new-car buyers’ average annual total cost of ownership to $9,282, an all-time high and a 24% year-over-year increase.

September 12, 2019

Rooney Joins Hudco as Partner in DC Office

Rooney Joins Hudco as Partner in DC Office

Mark E. Rooney, an attorney whose practice focuses on consumer litigation defense and government investigations in the financial services industry, has joined the Washington, D.C., office of Hudson Cook LLP.

September 9, 2019