Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
Automakers’ incentive spend rose to the highest level in a year in July as rising interest rates contributed to slowing consumer demand and dealership restock. Average incentive spend industrywide reached $2,148 per unit in July, representing 4.4% of the average transaction price (ATP) compared with 4.2% in June, according to Kelley Blue Book (KBB) […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
