Credit Acceptance has agreed to a multimillion-dollar settlement with 40 states and the District of Columbia to resolve predatory lending charges. +
All 12 governors of the Federal Reserve’s Open Market Committee voted to raise their target lending rate by one-quarter of a point to temper inflation. +
Cox’s latest survey finds concerns over affordability, inflation, interest rates and economic and political uncertainty are weighing on dealers’ minds. +
AutoPayPlus’s Robert Steenbergh says pay cycle alignment has entered the mainstream as extended loan terms raise costs and lower retention rates. +
New JD Power data shows growing numbers of premium compact car, compact SUV and midsize SUV owners are joining a “measurable” downmarket migration. +
Edmunds reports nearly 69% of trade-ins come with an average of more than $13,000 in positive equity despite easing inventory constraints. +
Edmunds reports the Toyota Tundra led all trade-ins in average negative equity in a Q2 list filled with models regarded as strong residual value performers. +
Analysts say dealers can gain a competitive advantage by connecting AI-powered tools to customer, inventory, pricing and service data. +
A new survey finds AI tools are becoming a meaningful part of the car-buying journey, particularly for younger and EV-oriented consumers. +
CDK's latest full-year report finds 90% of surveyed car buyers were satisfied with the time spent in F&I and only 6% felt overwhelmed by the process. +
