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Thinning margins spur Ford Credit downgrade

Ford Motor Co.'s weakened credit profile will likely have negative implications for its access to funding and financing volumes after a downgrade by Moody’s Investors Service this week. The downgrade moved Ford’s rating to non-investment speculative-grade status.  Moody’s said an upgrade for Ford is “unlikely in the near term,” as margins are expected to remain […]

New-car prices inch up, EV prices tumble in June

New-vehicle prices climbed 3% year over year, averaging $37,285 in June, according to Kelley Blue Book. KBB analysts attributed the transaction price growth to the persistent demand for trucks and SUVs, pushing both sales and prices in those segments. In fact, light trucks and SUVs are estimated to account for more than 70% of June […]

New-Car Model Shifts as Short-Term Leasing Stocks CPO Programs

An emerging trend — where dealers use off-lease vehicles from short-term leases to stock certified pre-owned (CPO) programs — is shifting the way consumers purchase new cars. This trend is occurring across segments and price points, according to Matt DeLorenzo, senior managing editor of Kelley Blue Book. Kia and Toyota are two OEMS that are both “aggressive in it,” he said, […]

AutoFi Leans on Ford Credit Partnership for Market Expansion

  AutoFi is expanding its dealer base this year with the help of Ford Motor Credit, entering the Michigan market and expanding its footholds in California and Texas, Head of Lender Success Ben Atkinson told AFN. AutoFi is a company that connects dealerships with lenders and buyers online for vehicle purchasing. This year, AutoFi will […]

Financing Implications Uncertain for Ford, Volkswagen Alliance

The Volkswagen AG and Ford Motor Co. alliance will likely serve as an opportunity for the OEMs’ captives to collaborate on financing, though the timeline remains uncertain as the alliance is very new, analysts told Auto Finance News. An OEM, its captive, and its dealer partners operate in an enterprise fashion, Jeremy Acevedo, Edmund’s manager […]

4 Auto Initiatives to Watch in 2019

While slowing car sales, an unpredictable tariff war, and a growing affordability issue could all make for a tough 2019, there are a number of auto initiatives that are looking to take off next year. Among them: Fair The used-car leasing app company has its sight set on global expansion in 2019 – and it’s […]

5 of the More Interesting Corporate Moves of 2018

2018 will be remembered as a profitable year for the auto industry. Healthy December sales, as forecast by Cox Automotive, will drive U.S. auto sales above 17 million for the year. But car companies weren’t resting on their laurels. Many players in the auto space were positioning themselves for the future. What follows are five […]
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