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Democrats Signal Defeat on EV Tax Credit

Democrats Signal Defeat on EV Tax Credit

The federal spending bill being negotiated by House and Senate leaders is not likely to include an extension of the $7,500 tax credit for buyers of electric vehicles.

December 17, 2019

Sense of Urgency Pervades Q3 Dealership Acquisitions
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
Regulators Appear to Endorse Alternative Credit Scoring
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 Loan and Lease Activity Slows as Balances Grow
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
Fed Triggers Third Interest Rate Cut of 2019

Fed Triggers Third Interest Rate Cut of 2019

The Federal Reserve has announced its third interest rate reduction since July, this time excluding language committing the central bank to action in support of economic expansion.

October 31, 2019

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