Sales & Marketing | Auto Finance News - Part 2

Used-vehicle values slouch in September

The Manheim Used-Vehicle Value Index fell 1.04% month over month in September to 139.9, mostly due to lower-than-average depreciation during the summer, said Jonathan Smoke, chief economist at Cox Automotive. Compared to the same prior-year period, the index was flat. “September officially ended an incredible run on used-vehicle values, like the way the abnormal heat […]

GM ramps up incentives in October

General Motors is ramping up the incentives on some 2019 models as yearend approaches. Specifically, GM had announced a $9,276 discount on the 2019 Chevrolet Tahoe this month for current GM owners with a 0% annualized percentage rate for 72 months when consumers finance via GM Financial. The discount consists of a $4,276 price cut from […]

Chrysler Capital eyes floorplan growth

Chrysler Capital’s floorplan decline will likely see an about-face in the coming months, Shawn Allgood, head of Chrysler Capital and auto relationships for Santander Consumer USA, told Auto Finance News. “Over the course of the last few months, we've picked up some really big dealers,” Allgood said. “And I think you're going to see that […]

Fair joins RouteOne

Subscription app Fair is set to be featured as an available finance source to more than 18,000 dealerships as the startup integrates with RouteOne, the companies announced today.  Fair’s integration places the startup as a finance option on RouteOne’s platform alongside companies like Ally Financial, Chase Auto, Toyota Financial Services and 1,400 other lenders. Fair […]
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