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Report Uncovers $4.7B Opportunity for Auto Dealers
Solving mismatched payment quotes can boost sales, profits
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SEARCHMENUSEARCHSolving mismatched payment quotes can boost sales, profits
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June’s loosening follows spring banking crisis, though access is still tighter year-over-year and compared to prepandemic.
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Cox Automotive forecasts an improved used-vehicle market in latter half of the year.
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Extending credit to high-risk customers is harder, but there are ways to get those customers into loans.
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Report shows $400 million increase as fraudsters refocus to automotive loans.
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S&P Global Mobility reports auto loan delinquency exceeded recession-era highs in the first quarter.
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Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.
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Analysts predict downward shift over the last two months will continue.
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Declines continued throughout the entire market last week, with the exception of one segment, Sporty Car, which was up only +0.04%.
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Economic headwinds are not deterring sales, Cox Automotive analysts find.
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May index lowest since February 2021 as subprime, negative-equity shares fall.
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