Tag: used vehicle sales

As consumers choose longer loan terms, even on lower amounts financed, they face higher costs over the life of the loan, prompting ...

It is becoming increasingly difficult for first-time car buyers to secure financing amid higher interest rates, elevated sticker prices and ...

CarMax Auto Finance’s originations increased in the first quarter of fiscal 2027 as CarMax expanded its full-spectrum auto lending strategy and gained finance ...

Carvana has lowered its interest rates as its profitability, sales and finance volume improve.  The Tempe, Ariz.-based retailer in the past year has ...

More middle-income consumers are opting for newer, used vehicles as the gap grows between lower- and higher-income households.   The economy has shifted from a “K-shape” to an “E-shape,” defined ...

Powersports retailer RideNow Group’s finance and insurance revenue rose in the first quarter as same-store revenue, gross profit and unit volume increased, extending ...

Used-vehicle values rose in April as tax refunds supported sales and prices followed seasonal patterns.  The Manheim Used Vehicle Value Index increased 1.8% ...

CarMax Auto Finance’s originations declined in the fourth quarter of fiscal 2026 as the retailer is eyeing improving performance under new leadership.  The retailer’s net loans originated tallied $1.9 ...