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. +
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. +
The Federal Reserve’s recent rate cuts in addition to an increase in automakers’ incentives are helping to stabilize the auto market, a good sign for dealers and consumers. WardsAuto's Nancy Dunham reports.+
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. +
British financial institutions may flee the auto lending sector after a bombshell appeals court ruling put them on the hook for massive consumer payouts. +
New-vehicle incentives have continued their growth trend as factories compete for sales and help dealers move their remaining 2024 inventory. +
When customers refinance, dealers lose F&I income and underwriting profits. Falling interest rates have pushed more Americans who have secured an auto loan in the past 24 months to say they are “likely” to refinance soon, according to the latest TransUnion survey. +
Vanguard Dealer Services' Mickey Quinn urges dealers to address long-term customer engagement in sales and F&I training programs. +
