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New-vehicle sales fell year-over-year for the fifth month in a row in February, making retail deliveries the slowest they’ve been since 2023, according to a CarGurus report.
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Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
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According to LendingTree data, the average monthly auto loan payment was $540 in the fourth quarter, and the average credit score for those with a recorded default was 529.
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The February average transaction price was well above a three-year average annual bump, but Cox analysts consider today’s prices to be on the normal side.
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Both vehicle values and conversion rates sped up last week as two segments outperformed in the pre-spring burst of buying.
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GM says it sells the cheapest electric vehicle in the U.S. market. It explains how it made improvements to the entry-level EV while keeping its price down.
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New executive Sagini Ramesh was chosen to advance the F&I SaaS provider's technical strategy and engineering excellence.
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Presented by GPW & Associate's Brandon Wesley and Jeremy Elsberry, this session will dive into key differences between participation models and explore critical factors for consideration in choosing the best fit for your client.
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This presentation reframes what it means to build an F&I agency, showing why enduring agencies are in the HOW business, not the product business.
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GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.
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