3 key themes for this week’s Auto Finance Summit
LAS VEGAS — Finally, industry participants will come together this week at the Auto Finance Summit, after many long, pandemic-filled ...
Tag: used vehicle sales
Sonic Automotive F&I revenue increases 60% YoY
Inventory continues to remain low at dealerships, but dealers like Sonic Automotive, AutoNation, Asbury Automotive and Lithia Motors continue to ...
Vroom appraisal requests jump 48% as trade-in values improve
Tight inventory and record-high vehicle prices have produced a favorable market for consumers to trade in vehicles, leading to an ...
Used-car prices surpass $24K in June as supply improves
The average listing price for used vehicles surpassed $24,000 at the start of June, setting a record, as supply remained ...
Credit Unions eye growth after flat 2020
Credit union total loan balances rose 5% in 2020, though auto loan volume remained flat, according to CUNA Mutual Group. ...
Will Gen Z bring a new wave of vehicle ownership?
Born after 1996, Generation Z is entering the workforce in the tens of millions. In fact, Gen Z is the ...
Vehicle sales ‘claw back’ from pandemic lows
Vehicle sales are still below last year’s levels but point to continued recovery for the auto industry. Total new-vehicle sales ...
‘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 ...
