Listen: Weekly Wrap on used-vehicle market, diminishing demand
Used-vehicle values continue to stabilize amid slowing sales and a dip in consumer demand. The Manheim Used Vehicle Value Index ...
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Sept. used-vehicle values dip YoY for first time since 2020
Used-vehicle values decreased sequentially for the fourth consecutive month in September and fell year over year for the first time ...
Rising rates, lack of supply drive away subprime consumers
Auto demand is softening further as federal interest rate hikes squeeze lenders’ ability to address affordability concerns, and subprime consumers ...
GM tops rival automakers in car sales as supply crunch eases
General Motors Co. made big sales gains in the second quarter in a sign the semiconductor shortage is easing, but ...
Ford makes 7 EV leadership changes, and other staff moves
Ford makes leadership changes Ford Motor Co. announced multiple leadership changes to support the development of its line of electric ...
CarMax’s huge earnings miss points to trouble ahead for new-car market
New-car sales are expected to rise in the just-ending third quarter, but a deteriorating market for used vehicles — which ...
Listen: Weekly Wrap on floorplan, inventory and automation
The auto finance landscape continues to evolve in the wake of rising interest rates, elevated vehicle prices and long-running supply ...
Carvana reduces floorplan line with Ally Financial
Automotive retailer Carvana reduced its wholesale inventory floorplan line of credit with Ally Financial to $2.2 billion in the pair’s ...
