Auto loans, which are historically less expensive to incentivize, received the most aggressive offers this spring from captive finance companies, with no-interest, seven-year loans driving new-vehicle sales in the early days of the pandemic. Leasing levels concurrently fell industrywide, according to J.D. Power data, and remain below prior-year levels. The …
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If Joseph Agresta had one concern about delivering a vehicle to a customer early on in the coronavirus pandemic, it was handling the contract. Agresta’s Benzel-Busch Motor Car Corp., which has three franchised dealerships in New York and New Jersey, came up with a contactless strategy. First, a dealership employee …
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Ally Financial Inc., one of the largest U.S. auto lenders, is looking to its dealership partners to make 2020 another record-setting year. The Detroit lender’s auto originations increased 2.5 percent to $ 36.3 billion in 2019, stemming from a record-high 12.6 million decision applications sourced from a dealer base of …
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