by Michael Strong | Aug 15, 2019
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...
by Joseph Szczesny | Aug 14, 2019
Mercedes-Benz Financial Services is preparing to build a new headquarters in suburban Detroit. The new building is a replacement for the current headquarters in Farmington Hills, Michigan, of Mercedes-Benz Financial Services USA and regional headquarters for Daimler...
by Paul A. Eisenstein | Jun 26, 2019
For only the second time since the end of the Great Recession, U.S. auto sales are expected to decline this year, demand already down around 2% since January. And that’s only one of the many challenges that face an industry struggling with rising costs, tariffs, high...
by Michael Strong | Jun 7, 2019
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...
by Michael Strong | May 23, 2019
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...
by Joseph Szczesny | May 1, 2019
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...
by Joseph Szczesny | Apr 24, 2019
Porsche Cars North America is taking steps to reduce the carbon footprint of its customers in the U.S. PCNA is moving to use carbon offsetting at U.S. Porsche Experience Centers in Atlanta and Los Angeles. It has enrolled all cars at its two Experience Centers – and...
by Michael Strong | Apr 5, 2019
U.S. new car sales fell 5% in March, following the trend for the rest of the first quarter, in part due to rising interest rates on loans paired with falling incentives. In short, buyers can’t find a good deal on a new car, truck or sport-utility. Fortunately, U.S....
by Michael Strong | Mar 26, 2019
U.S. auto sales were predicted to fall this year, and due to bad weather, lower-than-expected tax refunds and some mixed economic inputs, March auto sales are expected to help ensure that prophesy comes true. New vehicle sales will drop 2.1% this month compared with...
by Paul A. Eisenstein | Mar 26, 2019
In a market crowded with wannabe battery-car manufacturers, Los Angeles-based Canoo hopes to create a niche for itself with what’s its describing as a vehicle using “minimalist design that maximizes interior space.” “Boutique” start-up Canoo is trying to to pitch...
by Michael Strong | Mar 22, 2019
New car sales are on a very slow decline in the U.S., part of that decline is the appeal of used vehicles which are expected to hit a record of more than 41 million units in 2019, after setting a new record last year of 40.2 million. What’s driving trend? Increased...
by Joseph Szczesny | Mar 7, 2019
After of drop sales in February of 2.8%, the auto industry is facing unsettled times during the next few months, analysts predict. “February had a lot of good economic news to support a healthy vehicle market outlook, but that may not be coming to pass. The stock...
