Auto Loan Amounts Trend Downward

Average for new and used vehicles decreased in the third quarter.
Average for new and used vehicles decreased in the third quarter.
August supplies down as summer sales surge, Cox Automotive says.
Dealers and lenders renew their interest in the once-overlooked practice of used car leasing.
Consumers financed more than 91,000 used electric vehicles (EVs) in 2022, up 45% from 2021, according to Experian data.
AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.
A Trump-era USMCA interpretation could subject used vehicles shipped to the U.S. to import fees.
Veteran of TrueCar, eBay Motors, Google, Autobytel/AutoWeb charged with further innovating and expanding SureSale’s platform for quality used vehicles.
Veteran automotive tech entrepreneurs have developed a standardized certification-as-a-service platform to expand the availability of CPO inventory for 40 million used car buyers.
The third-party audit confirms AUL’s internal controls are in accordance with the selected Institute of Certified Public Accountants’ trust services principles and criteria. For the company’s customers and partners, SOC 2 compliance demonstrates that AUL has industry leading controls in its data systems, technologies, and processes.
Ally Financial said it will make up to $750 million available to DriveTime for the purchase of retail contracts over the coming year.
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