Retailers see triple-digit increase in floorplan expense
Floorplan interest expense increased at publicly traded auto retailers with three retailers tallying triple-digit year-over-year increases, while finance and insurance ...
Tag: new vehicle sales
Cat Financial revenues jump despite drop in new business volume
Cat Financial, the finance subsidiary of equipment manufacturer Caterpillar, posted increased revenues despite declining new business volume thanks to favorable ...
Fed: Higher interest rates constrain vehicle sales amid improving supply
Vehicle sales remained mixed across the country at the end of 2022 as holiday traffic bolstered sales in some regions ...
Cash is king for luxury car buyers in 2023
Last year proved challenging both for carmakers and buyers. Higher interest rates, dogged inflation and price hikes on gas and consumer goods reduced monthly ...
BMW clings to luxury-sales crown as Mercedes narrows gap
BMW AG outsold rival Mercedes-Benz AG for the second year in a row by better navigating the supply-chain issues hampering ...
2022 new-vehicle sales forecast dips 8% YoY
New-vehicle sales are expected to improve in 2023 as 2022 numbers are projected to come in well below 2021 levels ...
Incentive spend ticks up in November
Incentives are expected to tick up in November as more inventory reaches dealer lots and consistently rising interest rates push ...
Fed: Rising interest rates deter automotive buyers
Vehicle sales were mixed in November as rising interest rates discouraged buyers even as supply rebuilt and demand remained robust. ...
