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December 13, 2016 - Industry News

Trust in Salespeople Top Painpoint for Consumers, DealerSocket Reports

Cutting transaction times was the No. 1 focus for franchised dealers in 2016, but it wasn't the top painpoint for car buyers, according to DealerSocket's 2016 Dealership Action Report.

Tags: Car-Buying Experience, DealerSocket, J.D. Power, Report, Survey, technology

August 25, 2016 - Industry News

Growing Student Debt Expected to Hurt Retailers, Moody's Warns

The largest share of outstanding student loans is held by graduates age 30 to 39, according to the firm. Many of these graduates belong to the millennial generation, which, according to Pew Research, have overtaken Baby Boomers as the nation’s largest living generation.

Tags: Moody's, Report, Retail Sales, Student Loan

August 18, 2016 - Industry News

CU Direct Network Grows Origination Volume 16.4% Through Q2

CU Direct's credit union network was the No. 3 auto loan originator in the first quarter. However, the network posted the highest year-over-year growth in auto originations.

Tags: Auto Loans, Credit Union, Delinquencies, Financing, leasing, Report

August 9, 2016 - Industry News

Black Book: Most Used-Vehicle Segments Show 'Slightly Better' Retention in July

The average price of a used vehicle for model years 2011-2015 depreciated 1.5%, slightly less than last month (1.7%) but slightly higher than a year ago (1.4%), according to Black Book.

Tags: Black Book, Report, Used Vehicle, Value Retention, Vehicle Value

July 12, 2016 - Industry News

Wholesale Used-Vehicle Prices Up in June, Manheim Reports

June wholesale used-vehicle prices reached their highest level in four years, rising for the third consecutive month, according to Manheim.

Tags: Manheim, Report, used vehicles, Wholesale Pricing

May 18, 2016 - Industry News

CFPB: 20% of Single-Payment Auto Title Loans End in Repossession

A report form the CFPB found that about 20% of auto title loan borrowers end up having their car or truck seized by the lender for failing to repay their debt. Eighty percent fall into a debt trap, with more than 66% having to take out seven or more consecutive loans to fully repay their debt.

Tags: CFPB, Payday Lending, Report, Title Loan

May 11, 2016 - Industry News

Q1 2016 Delinquency Rates Reach New Highs, TransUnion Reports

High delinquency rates for auto loans and credit cards in the first quarter pushed national average delinquency rates to levels not seen in at least three years, according to TransUnion. Much of the increase can be attributed to the continued slump in oil prices and an increase in loans made to customers with nonprime credit.

Tags: Auto Loan Delinquency Rate, Credit Cards, Report, TransUnion

April 27, 2016 - Industry News

Demand for Alternative Fuel Vehicles Dwindling

The percentage of alternative-fuel vehicles in the overall automotive market has dwindled over the last three years, the NADA Used Car Guide said this week. Hybrids continue to make up the majority of the alternative fuel market, but data does show consumers are beginning to shift toward electric vehicles in greater numbers.

Tags: Alternative Fuel, Electric Vehicle, Hybrid, Report, Vehicle Sales

February 18, 2015 - Industry News

Equifax Refutes ‘Subprime Bubble’ in New Report

A new analysis by Equifax economists shows the median consumer credit score increased by 52 points after taking out a subprime auto loan.

Tags: Credit, Equifax, Report, subprime

February 3, 2015 - Industry News

Black Book: Vehicle Depreciation to Rise in 2015

Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings.

Tags: Black Book, Fitch Ratings, Report, used-vehicle values, vehicle depreciation

August 26, 2014 - Industry News

Equifax Sees No Evidence of Subprime Auto Bubble

A monthly report from the firm shows that subprime auto lending has been fairly stable since 2012, and that originations have been shifting toward the higher end of the subprime credit-score spectrum, despite reports of an imminent ‘bubble’ in subprime lending.

Tags: Equifax, Report, subprime

August 26, 2014 - Industry News

U.S. Sales Per Store to Reach All-Time High, Urban Science Reports

The average number of sales per dealership in the United States is on track to hit an all-time record of 904 units based on vehicle sales of 16.2 million, according to a new report from Urban Science.

Tags: Report, Urban Science, Vehicle Sales

June 24, 2014 - Industry News

Dealership Buy/Sell Activity Jumps 60% in Q1

The Kerrigan Quarterly Blue Sky Report also finds that blue sky pricing remains high for most franchises, with the market having established a pricing floor.

Tags: BMW, First Quarter, Honda, Lexus, Mercedes-Benz, Porsche, Report, Toyota, Vehicle Sales

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