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Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3% year-over-year decline.
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A joint statement from the nation’s biggest banking regulators expressed cautious optimism toward emerging decisioning models that could generate more auto loans.
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All but a few Asian and highline factories reported double-digit gains in U.S. sales last month, priming the industry for a big December and a fifth straight 17 million-unit year.
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Kelley Blue Book reports the average cost to buy a new vehicle was $38,393 last month, a 1% year-over-year increase restrained by frantic efforts to move 2019-MY inventory.
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The latest report from Wantalease.com finds several factories already offering lease discounts ahead of the usual year-end rush.
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UDS announced the acquisition of Dealer Marketing Link, a Pennsylvania F&I services provider.
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Prices for used vehicles declined 4.2% in the first 10 months of 2019 while volume increased 5.2%, J.D. Power analysts say, a trend that has begun to affect the commercial market.
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Priority One Financial Services has been recognized as a One Tampa Bay honoree by the Tampa Bay Business Journal.
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General Motors has sued Fiat Chrysler in federal court, alleging FCA bribed United Auto Workers officials to secure concessions that included an undue share of lower-wage workers.
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A new partnership connects Dealer Owned Warranty Company service contract holders with RepairPal’s network of 2,500 certified repair shops.
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