New-vehicle sales will drop 5.9% in June trade group projects

New-vehicle sales will drop 5.9% in June, trade group projects https://ift.tt/aRWzFky

Retail sales of new passenger vehicles in China will decrease 5.9 percent in June, ending a rebound that stretched three straight months, the China Automobile Dealers Association said.

Toyota's May global sales jump 10% on domestic growth and more supplies

Toyota's May global sales jump 10% on domestic growth and more supplies https://ift.tt/OSz0wFd

Toyota Group sold 838,478 vehicles globally last month, compared to 761,466 vehicles in May 2022, when sales took a heavy hit from a parts shortage.

Spotlight: Paul Daly founder of Automotive State of the Union

Spotlight: Paul Daly, founder of Automotive State of the Union https://ift.tt/XeLWQlJ

Some insight on Paul Daly, founder of Automotive State of the Union.

Subprime auto loans may be harder for dealerships to place with lenders

Subprime auto loans may be harder for dealerships to place with lenders https://ift.tt/87cYzWS

The type of vehicle being financed in a subprime loan, the speed at which the model delivers equity and the existence of a service contract can make a borrower a better credit risk for a lender.

Guest commentary: Compliance risks in indirect auto lending

Guest commentary: Compliance risks in indirect auto lending https://ift.tt/R8As3TC

Compliance issues are entirely avoidable with automation technology.

Sapped used-car market on cusp of upswing forecast says

Sapped used-car market on cusp of upswing, forecast says https://ift.tt/VR7hYD4

"I do think the worst of the used-vehicle market is upon us," Cox Automotive Chief Economist Jonathan Smoke said. "I am optimistic that every month later this year will actually create strength in the used-vehicle market."