TransUnion’s latest credit insights report forecasts gains in auto, home and unsecured personal loan originations tempered by concerns over changing federal policy and paused interest rate cuts. +
Sales and systems development leader Paul Croshaw has joined dealership digital solutions provider Botdoc as executive vice president of automotive sales. +
Herb Chambers has sold his network of Massachusetts and Rhode Island dealerships and collision centers to Asbury Automotive Group in a blockbuster, $1.34 billion deal that puts Asbury in the New England market for the first time. +
Cox Automotive and Moody’s Analytics’ New Vehicle Affordability Index improved to 37.7 in January as Americans earned higher incomes and prices normalized following strong year-end sales. +
Cox Automotive announced U.S. franchised and independent dealers sold 1.4 million used vehicles in January, an 8% year-over-year improvement, as days’ supply ticked down to start the month. +
A Protective Asset Protection survey found that 57% of U.S. dealers said at least half their customers bought F&I products online last year and 60% believe offering those products online improved sales. +
Reynolds and Reynolds reports sales retention ticked up to nearly 44% in 2024 despite the fact that 24 of 38 brands saw a decrease in repeat buyers, including one that finished in the single digits. +
Lexus and Buick lead all brands in J.D. Power’s latest 3-year dependability study, which finds U.S. car buyers are more frequently encountering issues relating to software and connectivity. +
CDK Global accused rival Tekion of “anti-competitive practices” in a newly filed federal lawsuit, escalating a legal battle over ownership of and access to data generated by dealerships. +
Honda and Nissan announced they will not merge, ending a proposed deal that would have created the world’s No. 3 carmaker and helped the companies compete against emerging Chinese rivals. +
