Our Blog | Recent Posts
Auto News Roundup – Week Ending March 22nd, 2013
We like to keep tabs on what’s going on in the automotive industry, and if you follow us on Twitter you know that.
Here are a few of the more interesting stories we saw come across this wire this week:
- “Auto Spending is a Bright Spot in Economy” – highlights the latest consumer confidence data, which shows consumers still want to buy cars.
- “RVI: Used Prices to Soften Through 2018; Lease Penetration Continues to Increase” – Growth of used supply over long term to drive prices down.
- And yet… “NADA UCG: Wholesale Prices Expected to Climb $100 This Week“ - Prices affected by an interest in fuel efficiency because of gas prices over $3.70 per gallon nationwide.
- Meanwhile “J.D. Power: Used Values Should Help Quell Concern of Record-Long New-Car Notes” – Long term loans for new vehicles ‘offset by more leasing and low interest environment’ in the short term.
The running theme here is the continued growth in sales that the automotive industry in general has been enjoying in recent months, part of which has been the surge in subprime approvals that Experian Automotive described earlier this month.
We love to see it coming back.
And when you’re done reading here, don’t forget to check out our Volume Estimator to see how you can get your piece of the resurgent special finance market. Watch this space!