New auto finance company loans saw big increases in the first quarter of 2012 – 49% higher than the recessionary low in March 2009. New vehicle loans totaled $52.5 billion in January-March 2012, according to Equifax’s May National Consumer Trends Report. Stable loans are returning to the market, as well – auto delinquency rates in […]
As consumers become more hooked into internet car shopping, dealers are needing to move from local to regional marketing, says advertising expert Adam Armbruster of Eckstein, Summers, Armbruster & Co. Customers used to buy locally, but are getting used to accessing TrueCar, AutoTrader, Cars.com, and other sites to find a provider that meets the right […]
eBay and AutoNation are working together to entice consumers into an online version of the classic summer tent sale. During the two day sale earlier this week, consumers could see how low prices would go as pricing decreased every hour for certain models. Prices decreased every hour until one customer would decide to hit the […]
Jesse Toprak Vice President of Market Intelligence TrueCar.com Click here to download and read the complete TrueCar Transaction Pricing Forecast. Despite slowdown in new vehicle demand, automakers saw profitable sales month in June with strong year-over-year sales, historically high transaction prices, and precise incentives spending; Estimated average transaction price was $30,508, up $849 (2.9%) from […]
Dan Galves Editor Galves Auto Price List Click here to download and read the complete Galves Market Conditions report. Second half of June saw declining demand for used vehicles, beyond the usual summer softening; Exceptional vehicles are still getting premium prices, but requirements to join that club have escalated; Dealers reporting lack of floor traffic, […]