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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 Cars Attract Better Buyers

Used Cars Attract Better Buyers Featured

Used cars are drawing consumers with better credit.

Prime and super-prime risk tiers combined for 47.4 percent used market share in the first quarter, according to Experian Automotive.

That is up from 43.99 percent in the first quarter of 2016. At the low end of the credit spectrum, subprime and deep-subprime share fell to 31.27 percent from 34.31 percent in the first quarter of 2016.

Overall, 30-day delinquencies dropped and subprime auto lending reached a 10-year record low for the first quarter. 

 

Last modified on Wednesday, 14 June 2017 13:19
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Indian Recalls Motorcycles for European Headlights

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