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Leasing, Loan Terms Increase

Leasing, loan terms increase, according to Used Car News. The use of long-term loans and leasing for new-vehicle retail sales is on pace to reach record levels in February, according to an analysis by J.D. Power. Long-term loans – classified as
Feb 28, 2014

New-Car Sales To Report Sixteenth Consecutive Month Above 15 Million SAAR According To Kelley Blue Book

New-vehicle sales are expected to hit a total of 1.19 million units, and an estimated 15.3 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book www.kbb.com, the leading provider of new and used car information. While a 15.3 m
Feb 28, 2014

Avoid Tax Penalties by Taking the Right Road

Dealership goes wrong direction on GPS units, according to Bradyware & Company. How does a dealership know if they should pay sales or use tax on items they include in the purchase of a new or used vehicle? An Indiana dealership had to pay back u
Feb 27, 2014

Consumers Spending More on Autos, with 2014 Sales Predicted to Rise

Consumers spending more on autos, with 2014 sales predicted to rise, according to The City Wire. One sector that has come roaring back from recessionary lows is the U.S. auto industry. While Americans are driving 7.2% less than they did before the 20
Feb 21, 2014

Vehicle-to-Vehicle Communication Could Revolutionize Car Insurance

Vehicle-to-vehicle communication could revolutionize car insurance, according to Main St. Vehicle-to-vehicle (V2V) communications will not only revolutionize how consumers drive as more cars communicate with each other, it will also speed up the adop
Feb 21, 2014

Car Loans Are Unbelievably Cheap Right Now

Car loans are unbelievably cheap right now, according to Time Business & Money. 2014 is predicted to be a big year for car sales, and the cost of financing one is dirt-cheap right now. A new study from personal finance site WalletHub.com shows ho
Feb 21, 2014

Carmakers Ramp Up Auto Lease Deals

Carmakers ramp up auto lease deals, according to The Detroit News. An estimated 3 million U.S. drivers will turn in leased vehicles this year, igniting competition among automakers eager to lease or sell them new ones, and providing a large pool of l
Feb 14, 2014

Does the US auto-lending boom have further to go?

From Quartz: Does the US auto-lending boom have further to go? The cheapest form of consumer financing currently available in America is a car loan. But it wasn’t always thus. In fact, for the better part of the past 20 years, car loans have had hi
Feb 14, 2014

Former Lewiston used car dealer sued by Maine’s attorney general

Former Lewiston used car dealer sued by Maine’s attorney general, according to Investment News. Attorney General Janet T. Mills filed a lawsuit against a Bangor used car dealer who owned two dealerships in Lewiston for unfair and deceptive trad
Feb 11, 2014