Fleet, SUV Sales Buoy November SAAR

November’s seasonally adjusted annual rate of light vehicle sales climbed 1.2% year-over-year, to 17.5 million units, and that benefitted car manufacturers heavy with sport-utility vehicles in their product lineup. “The car-to-SUV ratio, on the monthly sales, were about 70% light trucks, SUVs, van, and pickups, and only 30% cars,” Edmunds Data Strategy Manager Jeremy Acevedo told […]

Interest Rates Will Weigh Down Auto Sector Despite Strong Consumer Sentiment [VIDEO]

Comerica Bank’s Chief Economist and SVP Robert Dye expects that the U.S. economy could be headed for a “fiscal cliff” next year. Despite a somewhat confident consumer segment, the weight of interest rates on the auto industry will soon take effect. When it comes to consumers, “It is the best of times and the worst […]

Early Evidence of a Down June

Reports are coming in today that suggest June will be a down month for car sales in the United States. According to estimates, the SAAR for the month could be 2.3% to 3.6% lower. Here’s an excerpt from the LMC Automotive/J.D. Power forecast via Seeking Alpha: The LMC Automotive/J.D. Power forecast is for a 2.3% […]

Is That the Smell of Compounding Risk?

If you only looked at GM Financial’s origination volume last week, you would think auto finance was continuing on its boom-time ways. GMF grew its North American originations 19% last quarter to around $11 billion, according to company earnings released last Friday. Sing Hallelujah! Well, don’t lose your voice yet. There is a wellspring of heightening […]

Vehicle Sales Expected to Drop After Breaking Record in 2016

Automakers sold 17.55 million vehicles in 2016, marking the second consecutive year of record sales, however, this pattern has  “hit a peak,” Anil Goyal, senior vice president of operations at Black Book, told Auto Finance News. A combination of declining used-vehicle values and tightening subprime credit will constrict sales growth in the new year, he […]

NADA Used Car Guide Industry Update [SPONSORED]

The most recent NADA Used Car Guide Guidelines report takes a look at November’s industry numbers. Wholesale prices of vehicles up to eight years in age fell by 3.3% on a monthly basis in November. In addition to being a sharper drop than expected for the month, the decline is more than double the 1.4% […]
  • NADA Used Car Guide
  • December 23, 2016
  • Archives

Commerce Bank Shifts Focus to Niche Markets, Smaller Dealerships

LAS VEGAS — Commerce Bank is looking at smaller niches in the market to offset a declining SAAR, Indirect Lending Manager Robert Griffin told attendees at the 2016 Auto Finance Summit. “One of the things we have done is really focus on the smaller dealerships,” Griffin said. “I’ve seen a lot of the larger lenders pull out […]

TD Auto Shifts Focus Towards Used Market

TD Auto Finance is looking to boost its used-car volume, amid instability in the new-vehicle market, President and Chief Executive Andrew Stuart told Auto Finance News. “I would say that the concern is that the available market we’re playing in is pretty choppy,” he said. “You go from a SAAR in June showing 16.6 million […]
Page 1 of 3123