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FordDirect Partners with CarNow
FordDirect recently announced a partnership with CarNow, a dealer retailing system, that will empower Lincoln and Ford dealerships to create more personalized and connected messaging for customers. CarNow’s services allow dealerships to engage with customers…
Colonnade advises Reynolds & Reynolds on the acquisition of Xzilon, Industry Leader of Vehicle Appearance Protection Products
July 13, 2023 The Reynolds and Reynolds Company announced today the acquisition of Xzilon, the industry benchmark for high-performance vehicle protection products. The Xzilon brand is well known in dealership F&I departments and is nationally…
Auto Credit Shrinks to 2-Year Low
In May, Cox Automotive reported that automotive credit availability was at its tightest in more than two years. Cox’s All-Loans index fell to 96.4, the lowest result since February 2021 as credit access fell 8%…
May US New Vehicle Sales Increased by 22.8% Year Over Year
May US New vehicle sales increased 22.8% from 1,119,384 units in May 2022 to 1,374,910 units in May 2023. While there was one additional selling day in May 2023, the magnitude of this increase is…
Total Unsecured Personal Loan Balances Grew by more than 33% in 2022
In 2022, total unsecured personal loan balances grew by more than 33% to $177 billion. The $44 billion increase came as the Fed began its rate hike, increasing the federal funds rate by 400 bps…
