Imagine you’re at a car dealership, excited to pick out your new ride. You’ve found the perfect car, and it’s just within your budget. But there’s a hitch: your credit score isn’t quite up to the mark. Traditional scoring methods say you’re a risk, but are they telling the whole
As the sun dips lower each evening, casting longer shadows over the bustling streets, so too does the automotive market hint at a shift with the arrival of spring’s twilight. This week, as families unpack picnic baskets and adventurers dust off their hiking boots, the auto industry reflects a different
In the second week of April 2024, the auto market showed signs of a spring slowdown, reflecting a cautious approach from buyers and a nuanced shift in market dynamics. The overall market inched up slightly by +0.05%, while Trucks and SUVs experienced a minor decline of -0.02%. This week paints
Once upon a time, opting for a used car felt like grabbing a winning ticket—affordable, practical, and just a tad worn. However, as the calendar flipped to the early months of 2024, buyers stepping into the market encountered a new scene: a daunting average interest rate of 11.7% on used
Imagine you’re standing at a crossroads in a bustling city. To your left, luxury cars gleam under the showroom lights, but as you turn right, you notice older models quietly increasing in value. This week, the auto market tells a similar story of diverging paths, where growth continues but with
Imagine walking into a car dealership on a sunny Saturday morning, ready to finally make the switch to an electric vehicle (EV). As you discuss the price, the dealer smiles and says, “Let’s apply for your EV tax credit right now and reduce the price immediately.” This isn’t a dream
Picture this: streets lined with cars that don’t make much noise and don’t spew smoke. These cars are part of why you might end up with a few extra dollars in your pocket at the end of the month, even if you don’t own one. Yes, we’re talking about electric
In the vast world of auto financing, consumers with lower credit scores often find themselves navigating a confusing labyrinth. Recent findings by Open Lending spotlight a crucial roadblock: the lack of clear information and trust in the auto loan process. This journey, fraught with increased monthly payments and a high
When spring rolls around, we often think about growth and new beginnings. This year, it’s not just the flowers in bloom or the trees turning green—car sales are showing their own kind of springtime growth. It’s a refreshing change from last year, with the latest figures indicating a strong uptick
The recent update in vehicle emissions rules by the U.S. Environmental Protection Agency (EPA) is a prime example of a regulatory body aligning itself more closely with industry capabilities and consumer behavior. The initial standards set by the EPA were challenging, to say the least, and the auto industry expressed
Spring is finally here, and just like the weather, things in the car world are starting to heat up, too. Let’s imagine we’re at a car auction. People are buzzing around, cars are being sold, and there’s a sense of excitement in the air. This is a lot like what’s
In the dawn of the new year, amidst the quiet streets and the subtle hum of electric vehicles (EVs) cruising by, something interesting was happening in the U.S. The numbers were in, and they told a story of growth, albeit at a more subdued pace than before. January marked a
Once in a modern era, in the bustling world of international politics and global trade, a dramatic announcement echoed from the United States, setting the stage for a tale of tariffs, trade, and tension. This wasn’t just any policy pronouncement; it was a bold move by former President Donald Trump,
As the first rays of the March sun thaw the remnants of winter’s chill, the automotive market, much like the resilient early spring blooms, is showing signs of vigorous life and renewal. Amidst this season of rejuvenation, the narrative of the week ending March 09, 2024, unfolds, revealing a tale
As the last leaves fell in the autumn of 2023, so did the F&I gross profit per vehicle for the majority of public dealership groups. It was a quarter that many in the automotive industry watched closely, as whispers of change turned into tangible outcomes. But what caused this shift
So, you’re thinking about getting an electric vehicle (EV)? It’s a big step, sure, but also an exciting one. EVs are on the rise, offering a cleaner, more sustainable way to get around. Before you jump in, there are a few key things you should consider to make sure you’re
As China’s influence in the global electric vehicle (EV) market continues to surge, US Energy Secretary Jennifer Granholm has raised significant concerns over the potential ramifications for American manufacturers. Granholm’s apprehensions stem from China’s adeptness at flooding the market with competitively priced EVs, a move that could potentially undercut the
Imagine, if you will, a vast ocean, its surface mirroring the ever-changing skies above. This ocean is not filled with water, but with cars and trucks, each wave representing the fluctuations of the automotive market. Just like sailors navigating through calm and stormy weather, dealers and investors keep a keen
Abstract In response to the limitations of traditional vehicle valuation methods, Appraisal Engine Inc., under the guidance of Tony Rached, has developed the Scarcity Factor (SF), a sophisticated model designed to dynamically adjust vehicle prices based on market scarcity. This innovation, which is currently under a patent-pending application, is the
The auto market’s performance in the week ending February 3rd, 2024, brings a sense of stability that has been missing over the past few years. After a period marked by significant volatility, the latest figures suggest a gradual return to more predictable patterns. This update looks into the specific trends
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