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Cox Automotive’s 2022 Car Buyer Journey Report Demonstrates the Continued Growth in the F&I Industry
Source: Cox Automotive Car Buyer Journey
9.3% of Low-Credit Auto Borrowers are 30+ Days Behind on Payments
Despite signs that the US economy is regaining steady footing, a rising number of Americans have fallen behind on their car payments, according to a recent report by Moody’s Analytics. The stress in the auto…
Vehicle Affordability a Growing Problem
According to the Wall Street Journal, vehicle affordability is becoming a problem for both dealerships and buyers. Dealers reported that increasing prices and a lack of affordable models were keeping prospective buyers away. Now coupled…
Used-Vehicle Prices Rise in January
Wholesale used-vehicle pricing unexpectedly rose month-over-month in January as a result of increased demand. According to Cox Automotive’s Manheim Used Vehicle Value Index, used vehicle prices rose 2.5% when adjusted for mix, mileage, and season….
Fleet Sales Boost Light New Vehicle Sales
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…
