CU Direct streamlines auto lending with new tech
CU Direct, a software technology developer, has beefed up technology to streamline auto lending. The integration of VinSolutions’ customer relationship management (CRM) system with ...
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New-vehicle interest rates, prices climb in June
Interest rates and transaction prices on new vehicles have increased in June following a pullback from automakers on incentives. The annual percentage rate (APR) on ...
Pent-up demand drives June sales recovery
June’s forecasted new vehicle sales continue on a path of recovery as the market crawls out of the hole dug by coronavirus shutdowns. Total ...
Reduced incentives could shrink June growth
Major OEMs scaled back incentive programs on new trucks, SUVs and crossovers in June, which will likely lead to fewer ...
May vehicle sales climb with reopening, but riots threaten growth
U.S. automotive sales in May showed signs of bouncing back from the COVID-19 pandemic, with the seasonally adjusted annual rate ...
Used-car prices bounce back after giving US industry a scare
Used-vehicle prices are bouncing back from last month’s lows and approaching J.D. Power’s pre-pandemic forecasts, a welcome development for ailing ...
May new-vehicle sales struggle but show signs of rebound
Retail new-vehicle sales in May are projected to fall 21% compared with the same prior-year period, dropping to 1.08 million ...
Hertz bankruptcy risk could flood used market
All of Hertz’s $6.04 billion outstanding asset-backed lease securitizations were downgraded by Fitch Ratings today, further spurring concerns that the ...
