New and used car buyers borrowed more but secured lower interest rates in the second quarter as competitive monthly payments helped hybrids gain market share. +
The former owners of Manchester City Nissan have agreed to settle federal and state charges resulting from customer complaints over unauthorized fees. +
Edmunds analysts say the average cost to buy a 3-year-old unit now stands at $32,461 as shoppers face a “fundamentally repriced” market. +
Kelley Blue Book’s latest report finds seasonal trends and underwhelming incentives pushed July’s average new vehicle transaction price to $49,855. +
Meramec Secure’s Mike Frosch identifies three high-priority use cases for AI-based anomaly detection in a new white paper published by Warranty News. +
JD Power analysts say the latest Dealer Financing Satisfaction Study proves finance source selection depends largely on the experience they deliver. +
The Credit Availability Index climbed to 105 in July, its highest level since December 2015, but a key indicator declined for the fourth straight month. +
Prosecutors say Andrea Nicole Doherty used the restoration and resale business she inherited from her father to defraud customers and collectors. +
Subaru announced plans to form a new captive finance company that will offer loans, leases and floorplan financing to U.S. and Canadian dealers. The factory will extend partnerships with Chase and Toyota to facilitate the transition. +
An AutoPayPlus survey of dealer principals finds concerns over penetration rate tracking, pay plan alignment, menu fatigue and compliance pressure. +
