Tag: auto finance
Auto credit availability reaches its highest level since March 2023
In January 2025, access to auto credit remained relatively flat, according to the Dealertrack Credit Availability Index, which reported a slight improvement across all...
Feds hold interest rates steady amid uncertainty around inflation, Trump’s policy...
The Federal Reserve has opted to keep its benchmark interest rate unchanged at 4.25% to 4.5% yesterday, pausing after a series of rate cuts...
Adam Marburger’s three-step process to overcome outside lien cash deals
There's nothing worse for an F&I manager than thinking that a customer is paying cash for a vehicle, only to realize later that they...
Easing credit conditions mark a robust end to auto finance in...
Cox Automotive's Dealertrack Credit Availability Index revealed improved auto credit availability across all channels and lender types in December 2024. The All-Loans Index reached...
Monthly new car payments hit all-time high in Q4 2024
The affordability crisis continues to surge in the automotive industry and remains a hot topic amongst dealers and consumers.
According to the latest information...
New vehicle affordability declines in November, but still better than 2023
According to the latest Cox Automotive/Moody's Analytics Vehicle Affordability Index data, new vehicle affordability declined slightly in November. Despite factors that should increase affordability,...
Auto credit availability improved across all channels in October
The Dealertrack Credit Availability Index showed a rise in auto credit availability across all channels and lender types in October. The All-Loans Index reached...
Navigating vehicle affordability challenges in 2024
The automotive industry is constantly evolving, influenced by market conditions, consumer preferences, and various economic factors. The current affordability crisis is no exception, as...
Don’t wait to correct F&I mistakes–acting quickly benefits everyone
With so many people involved in every car deal, there are several ways that things can go sideways. Between sales, F&I, delivery, etc…breakdowns can...
Closing in F&I starts with a strong opening
Most salespeople judge their entire career by how good of a closer they are. In F&I specifically, closing more deals with higher rates and...