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New-Vehicle Financing Hits Record
Consumers are seeking ways to make financing new-vehicle purchases manageable, from extended loan terms to smaller down payments, according to Edmunds.
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SEARCHMENUSEARCHConsumers are seeking ways to make financing new-vehicle purchases manageable, from extended loan terms to smaller down payments, according to Edmunds.
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Company cites the impacts of lower used-vehicle availability and higher wholesale pricing as the reasons.
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Report shows $400 million increase as fraudsters refocus to automotive loans.
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S&P Global Mobility reports auto loan delinquency exceeded recession-era highs in the first quarter.
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Now in its 19th year, the online survey will remain open until June 30, 2023.
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Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.
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Analysts predict downward shift over the last two months will continue.
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Regulator says federal statute takes precedence.
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Agents would do well to adapt a former teen black-market entrepreneur’s tactics to get into dealer principals’ offices.
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Economic headwinds are not deterring sales, Cox Automotive analysts find.
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Despite a stronger Q2 market, negative sentiment lingers over weak economic conditions and high interest rates, Cox Automotive says.
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