Recent Updates
- All
- News
- Publications
- Announcements
The Average Transaction Price for New Vehicles Reaches Two Year High at $47,362 as of December 2022
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…
The Average New Vehicle Transaction Price in the U.S. Reached an All-Time High of $49,507 in December 2022
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 to Begin National Rollout of AI Auto Loans in Q2 2023
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…
After a 60+ Year Trend of Consecutive Annual Growth, U.S. M2 Money Supply Contracted in 2022
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…
California Warranty Law Has An Important New Requirement
California’s update to the Song-Beverly Warranty Act has a significant change to limited warranties. The update requires the warranty period on products to start no sooner than the time of delivery. Traditionally, warranties have started…
