Analysts say average negative equity on trade-ins has passed the $7,000 mark, forcing underwater buyers to pay $165 more per month than the national average. +
KBB reports the average transaction price for a new vehicle increased for the fourth straight month in September, falling $52 short of the all-time record. +
Nearly one-third of leaders in the retail, insurance, repair and product and provider segments cite a lack of a trusted partner as a barrier to new revenue. +
Caribou analysts say most Americans know their monthly car payment but few know whether they are protected by a factory warranty, service contract or GAP. +
The Dealertrack Credit Availability Index climbed to 107.1 in September as all six components — including subprime share — contributed to the gain. +
inride announced the launch of Trade Agent Acquire and the initiation of beta testing on new agents built to seek trades from F&I and service customers. +
Wholesale values fell sharply in the third quarter, forcing Cox Automotive to dramatically revise its year-end forecast from a 2% gain to just 0.2%. +
The Federal Trade Commission has dismissed a complaint alleging systematic payment packing at three Texas dealerships owned by Asbury Automotive. +
Edmunds reports new vehicle financing set five new records, including an average amount financed of $44,664 and a $787 monthly payment. +
Mazda, Honda and Subaru lead the pack as a strong September helps dealers avoid a weak third quarter for new car and light truck sales. +
