Car Prices Could Rise, But Industry Is Encouraged by NAFTA Trade Talks

The White House announced a trade agreement today with Mexico that makes several changes to the North American Free Trade Agreement and could produce a wide range of outcomes for car prices in the U.S.   The tentative agreement proposes to change NAFTA to require 75% of auto content to be made in the U.S. […]

LendingTree to Provide Financing Portal for Kelley Blue Book, Autotrader

The Cox Automotive subsidiaries Autotrader and Kelley Blue Book are partnering with online direct-loan marketplace LendingTree in an effort to provide consumers an all-in-one tool to streamline the online car-buying process from research to financing, the companies announced in a press release today. Senior Vice President of Product for Cox Automotive Jai Macker said the […]

OEMs May Feel Pressure to Follow Ford’s Sedan Phase-Out

DALLAS — Ford Motor Co. is eliminating all but its Mustang brand of new sedans because of faltering consumer demand and impending fuel efficiency regulations, and residual value analysts predict other OEMs could be pressured to follow suit. “Everyone can see the trend that customers are currently buying SUVs,” Eric Ibara, director of residual value […]

Rising Gas Prices Help Boost Electric Vehicle Values

DALLAS — Electric-vehicle values have been on the rise in part due to rising gas prices and greater acceptance of the technology, but the category still faces roadblocks in residual retention, panelists said at the Auto Finance Performance and Compliance Summit. “Over the last three to six months we have seen an uptick in almost […]

Ford’s Exit From U.S. Car Space Could Mildly Boost Used Market

Ford Motor Co. announced the cancellation of its various U.S. sedan models last week to focus on more popular SUV and truck segments, and whether the move is a win for the company or not, it could positively impact the used-car segment more generally. “We see the downside at this point being relatively small and […]
  • William Hoffman
  • May 2, 2018
  • Risk

Climbing APR Pushes Lease Penetration to New Highs, Edmunds Says

Interest rates rose to an eight-year high in February and more consumers than ever are turning to leasing as a way to lower their monthly payments, according to a report from Edmunds. Average new-vehicle annualized percentage rates (APR) hit 5.2% in February up from 4.9% last year, and 4.4% in 2013, according to the report. […]
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