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LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

Used Car Down Payments Grow

Used Car Down Payments Grow Featured

The amount of money car buyers put down to buy a used vehicle rose in May, according to Edmunds.
Used-vehicle buyers put down an additional $93 on average in May, an increase of 3.8 percent compared to the same month last year.
New-vehicle down payments were up 6.5 percent in May to an average of $3,801 – an increase of $233 from a year ago, and $504 from five years ago.
The Edmunds analysis found that while the average loan term, monthly payment and amount financed on used vehicles have grown steadily over the past five years, each was only up about 1 percent in May compared to last year. This trend is also mirrored on the new side, with all three metrics showing slight dips in May.

Last modified on Monday, 05 June 2017 19:32
Consumer Reports Ranks Brands For Reliability

Consumer Reports Ranks Brands For Reliability

Toyota and Lexus once again finished atop the Consumer Reports’ Annual Auto Reliability Survey, but the news was the No. 3 finisher – Buick.The General Motors division became the first...

Indian Recalls Motorcycles for European Headlights

Indian Recalls Motorcycles for European Headlights

Indian Motorcycles Co. is recalling 2,096 2017-18 Chief, Chief Classic, Chief Dark Horse, Chief Vintage, Chieftain, Chieftain Classic, Chieftain Dark Horse, Chieftain Elite, Chieftain Limited, Springfield, and Springfield...

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