Repossession activity slowed this spring as the coronavirus pandemic raged across the U.S., with several state governors declaring the practice nonessential in much of the country. As repossessions resumed, however, auto lenders likely benefited from boosts in used-vehicle values. That’s because, aftermarket experts say, flipping cars for higher values this …
Read More »With Used-Car Demand Up, How to Get the Most When You Sell
It’s pretty easy to understand that a cleaner car is likely to sell than a dirty one, but do you also have paperwork to back up your claim that the car was only serviced at the dealership? You want to get the best price, sure, but “aggressive negotiations” work better …
Read More »As new-car demand returns, leasing levels refuse to rally
Leasing, which comprises nearly one-third of new-vehicle sales, dropped in April to the lowest levels since 2015 as the coronavirus pandemic collapsed the top two leasing markets in the country and automakers saturated the market with loan incentives. Rising customer demand prompted automakers to pull back on many of those …
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