Federal Reserve leaves interest rates unchanged again

Federal Reserve leaves interest rates unchanged again https://ift.tt/S8450mr

The Federal Reserve opted against changing its benchmark rate during its July meeting, attempting to restrict future inflation for consumers but leaving them receiving higher interest rates than they might like on financed purchases like vehicles.

F&I data: Used-vehicle payments down while interest rate inches up

F&I data: Used-vehicle payments down while interest rate inches up https://ift.tt/eo8l7Nc

The average monthly payment for a used vehicle was slightly less in the second quarter of 2024 than a year ago, according to Edmunds.

F&I tip: Know your software programs inside and out

F&I tip: Know your software programs inside and out https://ift.tt/9iRjzmU

In the wake of the recent CDK Global outage, finance and insurance managers should make sure they know the ins and outs of their software, said Teasha McMillion, an independent dealership consultant.

How one car dealership group tackles health care insurance costs

How one car dealership group tackles health care insurance costs https://ift.tt/xd2Uc1M

A Carter Myers self-insured plan allows it to manage costs and potentially give leftover money back to help employees cover premiums.

Alfa Romeo weighs sales of Junior Veloce EV in U.S.

Alfa Romeo weighs sales of Junior Veloce EV in U.S. https://ift.tt/icAtOv5

Alfa Romeo will talk to its U.S. dealers to see if the 281-hp small EV could be sold in states such as California and Florida. 

Column: Market for decade-old vehicles is getting wild in its own right

Column: Market for decade-old vehicles is getting wild in its own right https://ift.tt/AUBI5nx

A study by iseecars.com found rapid price increases, growing market share for 10-plus-year old vehicles, which lead lenders to reconsider underwriting rules.