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IHS Markit finds the average age of a car on U.S. roads rose to 12.1 years in 2021, up from 11.9 years in 2020. In comparison, the average age was 9.6 years in 2002.
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U.S. new vehicle retail sales are expected to drop 888,900 units in September, from 1,182,788 a year ago.
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A consistent Dealers’ Choice Awards winner since 2013, this marks the first time iA American has received the top awards for F&I Product Marketing and Data Mining, and for five years strong and counting, the Gold Award for Service Contract Reinsurance.
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Dealers ranked Portfolio No. 1 for Service Contract Reinsurance and No. 2 for Appearance Protection Products (Chemical) in the 2021 Dealers’ Choice Awards.
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The market continued to make gains this past week, marking the fourth consecutive week of overall wholesale value increases.
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Lease credit approvals reached 71.3% in August; Up from 70.0% in July.
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Leading F&I provider earns diamond, platinum and gold.
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Ford Motor Co. President and CEO Chris Farley names making electric vehicles more affordable and mining battery minerals in the U.S. as top priorities.
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Independent dealers will benefit from a nationally recognized endorsement of their CPO program.
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Automobile sales in September are forecast to slow for the fifth straight month, as tight inventory, high prices take a toll on the industry.
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