AutoSuccess

SEPTEMBER 6, 2024

Interest Rates : Interest rates for auto loans have risen sharply. Higher rates lead to increased monthly payments, making vehicle financing more challenging. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans. cents per mile in 2022.

Vehicle 98

Vehicle Insurance Finance Used Cars 98

AutoSuccess

FEBRUARY 14, 2025

The auto finance and retail industries continued to embrace the adoption of digital documentation and back-office strategies toward the end of 2024. Over the past four years, digital adoption in the auto finance sector has surged by 106%, illustrating a long-term strategic shift toward modernization. auto market.

Retail 40

Retail Finance Auto Market Management 40

Auto Remarketing

OCTOBER 11, 2024

In a recent appearance on the Auto Remarketing Podcast , Roberts issued a reminder that the rate cut announced was for the federal funds rate, which doesn’t automatically apply to auto financing. That doesn’t mean it’s immediately going to trickle through and get into used vehicle financing rates,” he said. “I

Finance 52

Finance Used Cars Vehicle Car 52

Auto Remarketing

NOVEMBER 2, 2023

AI for merchandising is not the only way this innovative new technology is shifting the auto remarketing industry, however. Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles.

Car Dealership 52

Car Dealership Used Cars Finance Auto Market 52

AutoSuccess

JANUARY 31, 2024

“We are excited to showcase the most complete and connected ecosystem in the auto industry at the NADA Show 2024, which is undoubtedly the auto industry’s event of the year.” auto market in 2024 , auto dealers face many new challenges: tighter margins, new technology, and a shift to a more electrified future.

Automotive 52

Automotive Retail Vehicle Management 52