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Dealers Association Predicting Sales Retreat in 2020

Dealers Association Predicting Sales Retreat in 2020

The National Automobile Dealers Association posted its official auto sales forecast for the coming year, and it calls for sales of new vehicles to hit 16.8 million vehicles in 2020. “We expect new light-vehicles sales will come in at 16.8 million units for 2020,...
Care by Volvo Subscription Program Faces Probe

Care by Volvo Subscription Program Faces Probe

California regulators have launched a probe of Volvo’s pioneering subscription sales program, Care by Volvo, following dealer allegations that the flat-price service violates state franchise and consumer protection laws. If the California Department of Motor Vehicles...
Audi Looking to Use Subscription Perk to Draw Buyers

Audi Looking to Use Subscription Perk to Draw Buyers

Automakers are continually looking for ways to make their customers even more loyal to the brand and Audi’s the latest with its “Always Audi” program. Anyone leasing or buying a 2019 or newer Audi can get seven free rental days from Silvercar by Audi, the German...
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 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...
Memorial Day Weekend Means More Traffic — And Good Deals

Memorial Day Weekend Means More Traffic — And Good Deals

With Memorial Day weekend coming, it’s no surprise to find out that experts are predicting that the roads will be packed with drivers trying to get from one family function to another. However, if some of those drivers are smart, they’re out taking advantage of new...
April Sales Sag a Bit as Tough Conditions Continue

April Sales Sag a Bit as Tough Conditions Continue

Nissan and Subaru posted sales increases during April, but Fiat Chrysler and Toyota sales fell in April as deliveries of new vehicles continued drop under pressure from rising prices and higher interest rates. For Subaru of America, April was another solid month with...