NextGear Capital Renews $1.1 Billion Financing Securitization
Renewed credit facility and securitized term note reinforces NextGear Capital as a strong lending partner for independent dealers.
September 21, 2021
Renewed credit facility and securitized term note reinforces NextGear Capital as a strong lending partner for independent dealers.
September 21, 2021
Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values.
September 21, 2021
Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.
September 20, 2021
The U.S. Commerce department reported the uptick of 0.7% in retail sales.
September 20, 2021
Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
September 14, 2021
The slowing auto market will lead Cox Automotive to revise downward its full-year new-vehicle sales forecast.
September 8, 2021
On a volume-weighted basis, the overall Car segment increased +0.18%. For reference, the previous week cars increased by +0.06%.
September 8, 2021
The seasonally adjusted Retention Index increased to 165.7 points, barely missing another record.
September 7, 2021
August will be a fourth consecutive month of slowing sales and looks to be coming in even lower than our forecast of 1.2 million, a 9% decline from August 2020.
September 2, 2021
Haig Partners released its Q2 2021 Haig Report, a quarterly report that tracks trends in auto retail and how they impact dealership values.
September 1, 2021
The rate of depreciation has been slowing in recent weeks and this past week, the overall Car segment week-over-week change crossed back into positive territory, with six out of the nine Car segments reporting gains.
September 1, 2021
Inventory shortages continue to push average loan amounts and monthly payments for used vehicles higher.
August 23, 2021
Lease credit approvals reached 70.0% in July; Up from 67.6% in June.
August 23, 2021
Brands with unfavorable lease policies continue to see lower brand loyalty.
August 10, 2021
Despite the limited inventory on dealer lots, dealer lanes continue to have higher volume at auction, while manufacturers’ remarketing lanes are offering less and less in open sales channels.
August 10, 2021
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