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Automotive sales will pick up in 2021, credit bureau TransUnion predicts, though primarily for customers with prime and above credit. As the U.S. economy continues to muscle through the deadly coronavirus pandemic, nonprime customers will steadily vanish from the market. This slowdown in nonprime originations isn’t likely to stem from …

National Fire Protection Association via YouTube The National Transportation Safety Board says the U.S. is woefully unprepared to deal with EV fires, which require different strategies than gasoline vehicle fires. 31 percent of fire departments don’t train for EV fires, and half say they don’t have special protocols in place …

Generous automaker incentives and government stimulus efforts drove new- and used-vehicle sales during the onset of the coronavirus pandemic. But as these provisions fade so may consumer demand for auto loans and leases. Auto analysts are split on whether sales in the third or fourth quarter will eclipse activity in …

The Federal Reserve stayed the course on the benchmark interest rate last week, highlighting expectations for a rough road ahead for the U.S. economy. Until the coronavirus crisis ends, the lending environment will likely remain under duress. Opportunities remain in the new-car market — but one economist says inventory challenges, …