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The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
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Sales and service departments have the highest annual dealership turnover rates, according to a new industry report, costing money and time that could be better spent elsewhere.
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Deliveries were up modestly from a year ago despite still-high prices as OEMs offered more incentives and loan rates eased somewhat.
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Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
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While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
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The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
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As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
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A LendingTree analysis found that location, age and credit score play a role in the rising amount of auto loan borrowers who make monthly payments of $1,000 or more.
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A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
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The group is making executive leadership changes as longtime employee Shaun Bugbee enters retirement after serving EVP of Operations since 2017.
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