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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...
Porsche Owners Impact Carbon Footprint Through Program

Porsche Owners Impact Carbon Footprint Through Program

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...
Analysts Predict New Vehicle Sales to Slide 2.1% in March

Analysts Predict New Vehicle Sales to Slide 2.1% in March

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...
Poor February Auto Sales Confound Analysts

Poor February Auto Sales Confound Analysts

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...
Tesla Boss Musk Teases Big Announcement

Tesla Boss Musk Teases Big Announcement

Elon Musk is creating more news. Fortunately, this time it won’t – or shouldn’t – involve the U.S. justice system. Musk changed his name on Twitter to Elon Tusk and announced the company would be making an announcement at 2 p.m. Pacific Time today. He didn’t provide...
Tesla Readying to Lease Model 3s to Employees

Tesla Readying to Lease Model 3s to Employees

Tesla Inc. is readying for the next step in the evolution of its Model 3: leasing. According to Electrek, the Palo Alto, California-based EV maker is looking to boost demand for the new mainstream sedan by offering employees a leasing program for the vehicle. Initial...
Auto Loan Delinquency Rate Higher than Great Recession

Auto Loan Delinquency Rate Higher than Great Recession

The Federal Reserve Bank of New York reports that more than 7 million Americans are delinquent on auto loans, even more than during the Great Recession. The figures, which were part of New York Fed’s quarterly report on household credit, suggest that many...
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