According to Cox Automotive’s Market Report for February 6th, fleet sales are leading increases in light new vehicle sales.  Light new-vehicle sales pace increased to 15.7 million in January.  Additionally, new vehicle prices declined slightly…

Following years of supply chain challenges, the average transaction price for a new vehicle reached over $47,000 at the end of 2022 due to continued low inventory levels. Dealerships anticipate the need for more inventory…

Up 4.9% from prior year levels, the average transaction price of a new vehicle in the U.S. registered a record high of $49,507 in December of 2022. This elevated price level is supported by recent…

Upstart, a digital consumer lending marketplace, announced plans to expand its AI-powered auto lending platform to dealerships nationwide in the second quarter of 2023. Upstart originally launched its auto lending platform in 2020, and expanded…

Following over 6 decades of consecutive growth, U.S. M2 money supply fell 1.3% from $21.5 trillion in December 2021 to $21.2 trillion in December 2022 on a seasonally adjusted basis. This contraction in M2 coincides…