Auto Loan Originations to Subprime Borrowers Drops While Prime-Risk Loans Increase
Auto loan originations and leases to subprime borrowers fell to just 15% of the total in the first quarter, reported the New York Federal Reserve.
Auto loan originations and leases to subprime borrowers fell to just 15% of the total in the first quarter, reported the New York Federal Reserve.
vAuto reports vehicle inventories dropped to 2.24 million vehicles in April, representing a 44-day supply.
Volkswagen strength driven by best-selling models; Tesla falls on price declines for its most expensive vehicles.
Editors recommend best new, used rides for recent college graduates.
New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.
Survey also reveals how changing advertising trends are reshaping which channels and tactics are driving more customers into showrooms.
Phoenix Brand Effect has identified some key advertising learnings that can help EV brands break through this increasingly crowded marketplace.
The Bureau of Labor Statistics reports the cost of previously owned sedans, pickups, and SUVs climbed 10% in April, accounting for over one-third of the 0.8% CPI increase.
The automaker bases this assessment on a belief that electric vehicles will not catch up to gasoline-powered vehicles in terms of cost and convenience by 2030.
Marchex Engage for Automotive helps dealers take the right actions to sell more vehicles.
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