Refinanced Auto Loans – 2006 to 2013
- Number of auto finance contracts that will be refinanced in 2013 could top 14%, says CNW Research
- Pool of existing loans held by consumers who now would be considered “moderate” risks is growing dramatically
- Industry should see rate of refinance expand to nearly 18% by 2015
New Vehicle Sales in Line with Last Year for Purchase Price Level
According to Kelley Blue Book fair purchase price data, new vehicles are selling for 94% of MSRP on average, which is in line with prices seen last year. In addition to affordable pricing, inventory levels are very good for most makes and models. In January, there was a 59-days supply nationwide, slightly better than 52-days […]
How AutoNation Coming Back from Downturn in Used
During its investor conference call last week, AutoNation management acknowledged that its used vehicle performance was stronger in the first half of 2012 than the second, relative to the overall industry. There’s been a shift from used to new but even more important has been low used supply. The company is being proactive in tackling […]
MAFS and Dealer Services Corp. Roll Out NextGear Capital
NextGear Capital was announced last week as the name for a new inventory finance powerhouse serving more than 17,000 dealers and over 1,000 auctions across North America. Listen to Automotive Digest’s interview with Brian Geitner, President, NextGear Capital, in the video section below. NextGear Capital was created through the merger of industry leaders Manheim Automotive […]
Franchised Prices Up While Independents and Private Party Saw Drop
Art Spinella President CNW Research January used-car sales totaled 2,354,927 units compared to 2,203,419 in January of last year, an increase of 6.9%; Franchised dealers saw 14.46% increase to 831,155 from 726,149 units; Independent dealers jumped 16.8% to 828,685 from 709,184; Private Party slipped more than 9% to 695,087 from year ago’s 768,085. Click here […]
