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 …
Read More »Dealers should prep for sluggish economic recovery
Franchised dealerships benefited from high vehicle demand amid short supply in the second quarter, with inventory levels as the leading risk for immediate sales in the back half of the year. Analysts view the economy as far more fragile, with consumer confidence — the main driver of sales— in jeopardy …
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