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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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The pandemic has been extremely impactful on automotive; Yet despite all this change, the industry marches forward as strong and resilient as ever.
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Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
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Overall, the data shows encouraging signs for the automotive finance market.
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Risk Theory Dealer Advisors and TrueRisk Advisors merge to form Brightline Dealer Advisors to create a truly dealer-centric partner in the automotive marketplace.
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As we move into the Fall season, wholesale prices began to show a positive movement once again and reached the highest point of the year last week.
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Lease credit approvals reached 71.3% in August; Up from 70.0% in July.
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To be the better, more profitable dealer, know your products.
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Independent dealers will benefit from a nationally recognized endorsement of their CPO program.
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Dealers should have an available vehicle service contract which mirrors the coverages available under the manufacturer CPO warranty.
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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.
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