
Softening prices, rising credit availability and higher tax refunds could be behind February’s sales pace rise and accompanying dip in inventory, according to Cox Automotive.
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Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
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More Americans are open to made-in-China than one might think, especially the youngest, though general awareness here of its growing brands is limited.
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Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.
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Suite of new APIs, product enhancements and integrations is designed to help maximize contracting and funding efficiency for lenders and their dealer partners.
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Auto consumers reported greater satisfaction last year despite higher prices and rising tariffs, due to an omnichannel approach blending online and in-person shopping, Cox Automotive research found.
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December brought some of the best borrowing availability for consumers in years, though lenders tightened their reins on riskier segments of the market.
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Purchases of new and used vehicles were down in December despite several positive market turns for consumers, whose optimism didn’t match their big-ticket spending.
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Personalized messaging is increasing appointment conversions by 26%, Cox Automotive says.
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ATPs, asking prices stay elevated as affordable model sales languish and pricey ones flourish
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