‘Inventory is king’ as supply drives competition
The U.S. auto industry’s third quarter was marked by competition driven not by price, but by supply, Brian Finkelmeyer, senior ...
Tag: used vehicle sales
Pent-up demand to normalize after COVID spike
Pent-up demand for new and used vehicles is starting to normalize following a spike in May and June, Jonathan Smoke, ...
July used-vehicle values reach new record high
Used-vehicle prices continue to recover as inventory remains low. The July Manheim Used Vehicle Value Index sits at a record high of 158.0, a month-to-month increase ...
Interest rates remain low as vehicle sales recover
The average annual percentage rate (APR) for new vehicles continues to decline and vehicle sales are expected to improve in July despite pandemic-spurred setbacks that started in mid-March, according to TrueCar ...
AutoNation F&I revenue falls in Q2, expansion planned
AutoNation’s second quarter was marked by a decline in both finance and insurance revenue and vehicle sales. Still, the automotive ...
Pulse of the Industry: Captives command over 50% of new-vehicle financing
Captive finance companies are eating up market share for new-vehicle financing as a result of aggressive 0% APR financing incentive ...
RumbleOn sales, revenue fall in wake of pandemic
Online used-vehicle retailer RumbleOn is feeling the effects of the coronavirus pandemic. The company, which sells both automotive and powersports vehicles, lost $81 million in revenue year over ...
Weekly Wrap: May sales figures hint at promising gains for the auto industry [Video]
This week, OEMs’ monthly sales figured pointed toward promising signs of recovery in the new-vehicle market, with American Honda, Mazda ...
