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Categories: Auto Finance, Dealer Ops, Industry
Average New Vehicle Prices Up Nearly 3% in October

Kelley Blue Book analysts say the average new vehicle transaction climbed to $38,259 in October, a slight decline from the prior month but 2.9% higher than...

https://www.autodealertodaymagazine.com/359332/average-new-vehicle-prices-up-nearly-3-in-october
Categories: Auto Finance, Dealer Ops, Showroom
Report: Used-Vehicle Prices Up 2% From 2018

J.D. Power’s latest index finds average prices for used vehicles were up 2% year-over-year in August. Analysts say the segment will continue to drive...

https://www.autodealertodaymagazine.com/358646/report-used-vehicle-prices-up-2-from-2018
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Escalating Finance Costs Drive 24% Spike in TCO

AAA analysts say bigger price tags and higher interest rates have conspired to raise American new-car buyers’ average annual total cost of ownership to...

https://www.autodealertodaymagazine.com/358227/escalating-finance-costs-drive-24-spike-in-tco
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Prime Buyers Flock to Used Vehicles in Q2 Report

Experian’s Q2 auto finance report consumers continue to uncover ways to manage monthly payments. For a record percentage of prime borrowers, that meant...

https://www.autodealertodaymagazine.com/358117/prime-buyers-flock-to-used-vehicles-in-q2-report
Categories: Auto Finance, Dealer Ops, F&I
Report: Longer Commute, Bigger Auto Loan

LendingTree analysts have discovered a correlation between commute times and auto loan balances, finding that car buyers borrow $269 for every additional...

https://www.autodealertodaymagazine.com/357733/report-longer-commute-bigger-auto-loan
Categories: Auto Finance, Dealer Ops, Industry
New-Vehicle Interest Rates Fall to 5.8%

The average interest rate for a U.S. new-vehicle loan fell below 6% for the first time all year as automakers and dealers extended model-year selldown...

https://www.autodealertodaymagazine.com/357728/new-vehicle-interest-rates-fall-to-5-8
Categories: Auto Finance, Dealer Ops
KBB.com Lists Top 10 July 4 Offers

Kelley Blue Book analysts have released their annual list of the top 10 sales and lease deals for new vehicles available during the holiday week.

https://www.autodealertodaymagazine.com/357391/kbb-com-lists-top-10-july-4-offers
Categories: Auto Finance, Dealer Ops, Industry
Experian: Facing Higher Loan Amounts, Prime Buyers Go Used

More consumers in the prime and superprime credit tiers opted for used vehicles as concerns around affordability grew in the first quarter, according to the...

https://www.autodealertodaymagazine.com/357070/experian-facing-higher-loan-amounts-prime-buyers-go-used
Categories: Auto Finance, Dealer Ops, F&I
Fed Reserve Approves Third Rate Hike of 2018

The Federal Reserve on Wednesday raised interest rates for the third time this year and signaled it will raise the cost of borrowing again in December....

https://www.autodealertodaymagazine.com/350987/fed-reserve-approves-third-rate-hike-of-2018
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training
Cox: September Sales to Decline 7.2% From Year-Ago Levels

Despite the expected volume decline, the firm put September’s seasonally adjusted annual sales rate at a healthy 17.1 million, down from last September’s...

https://www.autodealertodaymagazine.com/350992/cox-september-sales-to-decline-7-2-from-year-ago-levels


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