Cox Automotive reported that the May U.S. new vehicle inventory ended at a two-year high of 1.96 million, up 73% year-over-year, as consumer demand dipped.  Days’ supply ticked up to 55, 46% higher than it…

From May 2nd, 2022 to May 1st, 2023, M2 money supply contracted 4.6% from $21.6 trillion to $20.6 trillion. Over this same period, the US Federal Reserve hiked the federal funds rates by 450 basis…

Automakers have been exploring alternative revenue streams to generate significant profits, with in-vehicle subscription-based services ranking among the most promising avenues. Ford Motor Co. offers subscription services to commercial customers through Ford Pro, mainly related…

Credit growth has slowed in recent months to some of its lowest levels in the past ten years, with banks reporting tighter credit standards and weaker loan demand from both businesses and consumers, according to…

Automotive retailer AutoNation (NYSE: AN) recently announced a new “micro” leasing program offering terms of six or 12 months, allowing 800, 1,000, or 1,200 miles of driving per month. Traditional leases typically start at 24…