The Presidio Group/NCM Associates year-end report finds F&I income per unit retailed increased slightly in 2024 while gross profit per new vehicle retailed fell by 33% to $2,247. +
Five of the Big 6 publicly traded dealer groups are generating at least $2,000 in F&I gross profit per vehicle retailed, according to the latest quarterly report from Automotive News. +
Subaru, GM and Tesla top S&P Global Mobility’s latest Automotive Loyalty Awards rankings for dealer, manufacturer and make, respectively, as overall brand loyalty improves to 51.6%. +
InformedIQ.com’s Jessica Gonzalez says a recent U.S. Treasury report proves artificial intelligence is changing the auto finance industry in several ways, enhancing efficiency as well as risk. +
Few of the leading economists surveyed by Wolters Kluwer expect the Federal Reserve to announce an interest rate cut at its March meeting as inflation shows few signs of abating in 2025. +
TransUnion’s latest credit insights report forecasts gains in auto, home and unsecured personal loan originations tempered by concerns over changing federal policy and paused interest rate cuts. +
Lotlinx’s Q4 Quarterly Vincensus Report finds sales of hybrid vehicles increased by 23% between the third and fourth quarter of 2024, accounting for 22% of all U.S. new vehicle sales. +
Cox Automotive and Moody’s Analytics’ New Vehicle Affordability Index improved to 37.7 in January as Americans earned higher incomes and prices normalized following strong year-end sales. +
Cox Automotive announced U.S. franchised and independent dealers sold 1.4 million used vehicles in January, an 8% year-over-year improvement, as days’ supply ticked down to start the month. +
A Protective Asset Protection survey found that 57% of U.S. dealers said at least half their customers bought F&I products online last year and 60% believe offering those products online improved sales. +
