Dealertrack’s Credit Availability Index maintained a steady upward course in May, improving to 96.7, a modest month-over-month increase and a nearly three-year high. +
The percentage of borrowers more than 60 days past due on their auto loans increased by five basis points year-over-year to 1.38%, according to the latest quarterly report from TransUnion. +
Experian reports the average amount financed for a new vehicle purchase in Q1 was $41,720, with an average monthly payment of $745, up from $40,610 and $737 in the prior-year quarter. +
Protective’s Tim Blochowiak offers a playbook for dealers who want to protect their customers, create a competitive advantage in sales and service, and accelerate their wealth-building programs. +
Dealers, insurance providers, finance sources and rental agencies are under attack, leading Veridos America’s Jim Marsh to advocate for an industrywide effort to properly verify identities. +
Automotive News reports new vehicle sales improved for Ford, Hyundai and Kia and fell by double digits for Mazda in May, dropping the SAAR below 16 million as factories scaled back incentives. +
Regulators will no longer pursue discriminatory pricing charges against three Texas dealerships owned by Asbury Automotive following an executive order challenging the legal theory of disparate impact. +
Attorneys who accused Chicago’s Western Avenue Nissan of falsifying their client’s credit application have cited complaints from 12 online reviews to qualify their lawsuit as a class action. +
Cox Automotive’s Dealer Sentiment Index ticked downward as economic concerns outweighed strong customer traffic and sales, including a 10-point bump in in-person visits to franchised dealerships. +
The average age of a registered light duty vehicle hit an all-time record of 12.8 years in 2024, registering a second consecutive 60-day year-over-year increase, according to S&P Global Mobility. +
