The average new car buyer in America paid $48,334 in July 2023. Average new car transaction prices are $1,335 (2.7%) lower than they were at the start of the year, representing the largest January to…

On September 15, the Bank of Montreal announced it will be exiting the retail auto finance business as it looks to reposition its resources in areas where the bank’s “competitive positioning is the strongest”.  The…

According to Cox Automotive’s latest credit barometer reading, August auto loan available improved.  All loan channels except for new-vehicle loans saw loosened availability but were tighter year-over-year.  Cox’s All-Loans index rose to 99.1, the highest…

Apple recently applied for a patent to develop a windshield with augmented reality capabilities. The company’s filings indicated that Apple has been working on this technology since 2015. Augmented reality overlays digital images over the…

Several days after Lithia announced plans to acquire the dealership and fleet business of U.K. dealership group Pendragon, Penske Automotive Group submitted a significant counteroffer. Lithia is expected to re-submit their offer to win the…