Automotive News

2021 remained a tough year to get financing in if you were struggling with credit issues. According to the Experian State of the Automotive Finance Market Report for the fourth quarter of 2021, subprime loans continue to make up less of the overall market.

The lion's share of financing for used cars has continued to be banks and credit unions through the third quarter of 2021, according to Experian. In the latest State of the Automotive Finance Market report, Experian shows banks holding steady as the leaders in financing for used cars, with 35.35% of

According to the latest Experian reports, subprime and deep subprime loans are holding at a record low percentage of used car loans.

With the ongoing shortage of chips impacting the supply of new vehicles, many dealerships risk disappointing their consumers if they aren't keeping up with demand. If you're relying on your current stock to make up your sales, we have some tips for bringing in the right prospects for your remaining stock.

2020 was a highly profitable year for many automakers and dealerships, despite early drops in sales due to physical closures from the pandemic. According to Experian's latest State of the Automotive Finance Market report, sales weren't spread evenly across the market, though, and subprime and deep subprime sales continued their downward trend throughout the fourth quarter.

Consumers appear to be happier with the car buying process since it seems to be moving along faster! Here's some of the latest info regarding car-buyer behavior.

The COVID-19 pandemic has changed much of our daily lives, but we would have never guessed that consumer credit scores are on the rise. Although the third quarter saw a drop in subprime auto loans, the average credit rating climbed.

Thanks to lower average interest rates, incentives offered, and consumers staying motivated to buy, a rough start to the second quarter of 2020 didn't hold the auto industry down for long. We want to help your dealership bounce back even stronger.

The auto industry is resilient, and there are signs that things could be recovering. Let's take a look at the impact the COVID-19 pandemic will have on used car prices both now and in the foreseeable future.

Dealerships, and the auto industry as a whole, are facing an uncertain future as a result of the coronavirus pandemic. Here's a look at what changes may be coming, and what dealers can do to thrive in the new normal.