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Consumer Outlook on the Rise
Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
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SEARCHMENUSEARCHYounger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
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The complaint claims auto auction competitors collaborated to prevent ACV Auctions from gaining access to AutoIMS.
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The quarterly report aims to reveal the top converting lead sources and partners as detailed through DealerPeak’s proprietary backend data.
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Group 1 Automotive Inc. will focus on growth through acquisition in the U.S. and UK, says Daryl Kenningham, incoming president and CEO.
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There are at least three reasons your dealers need data when confronted with allegations of disparate impact.
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According to the Cox Automotive forecast, the August U.S. auto sales pace, or SAAR, is expected to finish flat month over month at 13.3 million, up from last year’s 13.1 million level.
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As used originations increase, credit unions reach nearly 26% total vehicle financing market share, the highest volume in five years.
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Reaching the Biden Administration’s goal of 50% of U.S. new vehicle sales being BEVs by 2030 is unlikely, says Jack Hollis of Toyota in a webinar.
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J.D. Power and LMC Automotive report predicts average new vehicle transaction prices will hit a record $46,259 in August.
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According to ZeroSum data, new vehicle inventory is expected to rise 2.87% by the end of August while used vehicle inventory could fall 3.48%. At the same time, average new vehicle prices rose 0.10% to $48,429 and used vehicle prices increased 0.53% to $34,242.
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Lower consumer demand has impacted buyer behavior at auctions around the country, but this past week, sellers began to hold firm on floors and the sales rate reflected this change in behavior.
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