Financial News

VAuto is helping more dealerships take advantage of today’s changing automotive retail toward used vehicles by expanding its proprietary suite of market data to all Stockwave users with the introduction…
Black Book’s Used Vehicle Retention Index for May rose slightly to 114.4 from 113.6 in April. The increase marked the first monthly rise dating back to October. With a strong…
The amount of subprime auto finance continues to rise. Through January, 21.3 percent of auto finance was issued to consumers with a subprime credit score, according to Equifax. This accounted…
Westlake Portfolio Management (WPM) has been selected as third-party servicer by Total Finance on its $100 million automotive portfolio. Approximately 84 percent of the $100 million portfolio at the time…
Subprime auto finance performance is expected to deteriorate soon, according to a 360-degree market study released by Credit Chronometer. The study reports that a negative performance outlook is impacting participants’…
Interest rates for new vehicles dipped to their lowest level of 2019 in May, according to Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 6.1 percent in…
The estimated average transaction price for a new light vehicle reached $37,185 in May, according to Kelley Blue Book. New-vehicle prices increased $1,320 from May 2018, while decreasing $208 from…