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NADA Predicts 1.2% Decline in 2020 New Car Sales

NADA Predicts 1.2% Decline in 2020 New Car Sales

The National Automobile Dealers Association estimates U.S. new vehicle sales will fall to 16.8 million units as internal and external forces reshape the auto retail industry.

December 18, 2019

Sense of Urgency Pervades Q3 Dealership Acquisitions
Regulators Appear to Endorse Alternative Credit Scoring
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

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

Fed Cuts Interest Rates Again, Stock Market Responds

Fed Cuts Interest Rates Again, Stock Market Responds

Stock are on the rise following the second quarter-point reduction to the federal funds rate in less than two months. No further cuts are planned for this year or next, guaranteeing further pressure from the White House.

September 19, 2019

New-Vehicle Interest Rates Fall to 5.8%

New-Vehicle Interest Rates Fall to 5.8%

The average interest rate for a U.S. new-vehicle loan fell below 6% for the first time all year as automakers and dealers extended model-year selldown promotions.

August 2, 2019

Cornered Fed Announces First Rate Cut Since 2008

Cornered Fed Announces First Rate Cut Since 2008

Facing new global realities and pressure on multiple fronts, the Federal Reserve cut interest rates for the first time in more than a decade in an attempt to prolong the economic expansion.

August 1, 2019