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Expected Fed Rate Cut Unlikely to Help Auto Buyers

Expected Fed Rate Cut Unlikely to Help Auto Buyers

Despite interest rates falling for most of the year, the Federal Reserve appears set to cut them once again despite the concerns by some are concerned about inflation and other issues. Weakening economic data, trade disputes, and global uncertainties, the Fed is...
Labor Day Offers Good Deals on Some 2019 Models

Labor Day Offers Good Deals on Some 2019 Models

The Labor Day holiday signals the start of several things, including school, football and it used to be the time that new model year vehicles became available. That’s not entirely true now, but plenty of folks start looking for deals on last model year’s vehicles...
Auto Lenders Relaxing Requirements for Subprime Borrowers

Auto Lenders Relaxing Requirements for Subprime Borrowers

With auto sales slumping this year, lenders are searching for ways to entice buyers back into showrooms. It worked in July as sales rose slightly for the first time in 2019, but only after lenders cut interest rates for three consecutive months, dropping new vehicle...
Auto Lenders Likely to End Interest Rate Cuts

Auto Lenders Likely to End Interest Rate Cuts

In July, new vehicle sales in the U.S. ticked up slightly as buyers finally decided to take advantage of the good deals afforded them by three consecutive months of interest rate cuts by auto lenders; however, interest rates are likely as low as they’re going to get....
U.S. Auto Sales Hold Steady in July

U.S. Auto Sales Hold Steady in July

Sales of new vehicles held their own during July with help from cuts in interest rates and increased marketing efforts by carmakers, that are finding it more difficult to gain ground. Nevertheless, Toyota, Honda, Subaru and Hyundai all posted modest gains. Detroit’s...
Looking for a New Car Deal? Follow the Fireworks

Looking for a New Car Deal? Follow the Fireworks

If you’re looking for a good deal on a new vehicle, then the July 4thholiday may give you multiple reasons to celebrate America’s independence. Automakers are offering a variety of deals hoping to entice buyers to dealership on their way to see fireworks. This holds...
Auto Loans, Payments Reach Record Highs

Auto Loans, Payments Reach Record Highs

Despite the fact that automakers are selling fewer vehicles, they continue to make more money per sale because buyers are borrowing more and, as a result, paying more each month for those new vehicles. The average amount borrowed to buy a new vehicle hit a record...