The California-based digital car buying company AutoGravity announced today that it’s now available in 46 states across the country. There are at least four lending partners available in each state where the platform is offered, the company told Auto Finance News. “You can expect multiple captive lenders and we’ll beRead More
Post Tagged with: "Audi"
On paper there’s cause for concern that higher sticker prices on new cars could drive customers to settle for used cars, but in practice, dealers and lenders say longer terms and leasing continue to move the metal, and high used-car prices also discourage buyers from switching. In addition, several dealersRead More
Carmakers don’t just drop their prices. A lower price — as compared to increased incentives — has all sorts of negative ramifications, including to the marque’s brand. So why did General Motors this week choose to drop prices on its Cadillac CTS sedan, GM’s premium vehicle, no less? The answerRead More
General Motors Co. announced yesterday that it will establish Cadillac as a “separate business entity” and move its headquarters to a building in lower Manhattan. This follows the July appointment of Johan De Nysschen as Cadillac’s new president, having poached De Nysschen from Infiniti.
VW Credit Inc. hopes to provide wholesale financing business to two-thirds of its dealers, up from 50% currently, according to a published report. Newly named Chief Executive Christian Dalheim said there is nothing hindering the captive from having more of its U.S. dealerships on the books in the next two to threeRead More
When customers buy cars, there are usually a few things they’re really excited about: the horsepower. The engine. The drop top. Maybe even the cupholders. Financing arrangements generally don’t make the list. Audi, though, is seeking to increase excitement and knowledge of the finance side of the deal through aRead More