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LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

Prime Shoppers Opt for Used

Prime Shoppers Opt for Used Featured

Prime and super prime consumers are choosing used vehicles in record numbers, according to Experian.
That is due in part to monthly new vehicle payments reaching a second quarter record high of $504.
The firm’s second quarter study also found deep subprime financing fell to its lowest level since the second quarter of 2012.
The total finance market remains near record lows for all subprime.
Overall, auto loan balances reached 1.1 trillion in the second quarter.
Thirty-day delinquencies dropped year-over-year, but 60-day delinquencies grew slightly.

Last modified on Thursday, 07 September 2017 16:25
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