Experian’s latest auto finance report finds U.S. consumers’ monthly payments ticked up for new vehicles and down for used, corresponding with minimal changes in loan amounts. +
Consumer Reports analyzed 32 U.S.-sold marques for its annual car brand report card. Although the top five are unchanged from 2024, Subaru swapped places with BMW to claim the No. 1 ranking. +
General Motors’ Chevrolet division announced the launch of “The Chevrolet Experience,” a new, live training program designed to boost EV sales by educating the dealership personnel who educate customers. +
The Automotive News Data Center reports Big 6 public auto dealerships experienced an overall decrease in F&I gross profit per vehicle in the third quarter. +
Lexus and Honda led all premium and mass-market manufacturers for the fourth consecutive year as rising prices worked against most brands. +
Declining interest rates, increased incentives and personal income gains have led to the best new-vehicle affordability level since August 2021. +
New-vehicle incentives are up by more than 60% heading into the final stretch of 2024, helping dealers clear inventory off their new-vehicle lots. +
Reynolds and Reynolds has partnered with Skaivision, a provider of “smart space” AI designed to help dealers become more efficient and profitable by leveraging cameras trained on staff and customers. +
British financial institutions may flee the auto lending sector after a bombshell appeals court ruling put them on the hook for massive consumer payouts. +
Bermuda was the host and guest of honor at this year’s PwC Insurance Summit, according to a Bernews report covering the 17th annual event. +
