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Credit Acceptance boosts loan volume, value but lowers collection rate forecast.
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It was another stable week in the lanes last week. Inventory is still available and consistent, but there has been a noticeable increase of IF sales and no sales.
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Earnings eclipse $100K for first time as low inventory, higher sticker prices pad wallets.
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Honda points to continued supply issues as overall industry inventory improves.
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Stellantis is latest carmaker to signal additional cutbacks.
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Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
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Ford, GM say they’ll ship unfinished vehicles by year’s end as supply issue eases.
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LMC Automotive and J.D. Power predict U.S. auto retail sales will rise in October as supply chains improve and make more vehicles available to dealerships.
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In a down economy, industry experts recommend dealerships offer a range of finance and vehicle options to address budgetary concerns.
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