Tag Archives: sales

TOKYO — Japan’s state-owned export credit agency has agreed to give Nissan Motor up to $ 2 billion as part of a credit agreement to help it finance car sales in the U.S. The money should help Nissan sell cars in the world’s second-biggest auto market after China by allowing …

Personal vehicle ownership has never been more desirable to Americans. Whether it be long drives to clear one’s head, driving to vacation spots instead of flying or a fear of public transportation because of COVID-19 concerns, consumers consider their vehicle a haven in a perilous world. As personal ownership desirability …

2021 Volkswagen ID.4 electric crossover SUV has 250-mile range, starts at $ 41,190 Volkswagen begins its long road to mass electrification with a new crossover, eventually to be built in the U.S. 2021 Hyundai Sonata gears up with N Line performance trim The 2021 Hyundai Sonata mid-size sedan speeds into …

As vehicle sales fell sharply in the second quarter amid coronavirus pandemic conditions, the amount of subprime consumers originating auto loans slipped to its lowest recorded level, credit bureau Experian said this month. Melinda Zabritski, senior director at Experian Automotive, said subprime market shares have contracted for years after peaking …

Coronavirus-related closures of state motor vehicle departments this spring put a wrench in vehicle title work and registration processing, producing a backlog of unverified documents key to finalizing car sales. Without the ability to process vehicle registration and titling data under lockdown, state governments couldn’t perfect vehicle liens — legally …

Automaker captives acted quickly in the early weeks of the coronavirus pandemic to assist their customers and dealership partners. Lenders granted payment deferrals and lease extensions on a mass scale for existing customers and fielded an influx of consumer calls and messages during a time of uncertainty. Most of this …

Hyundai reported a 1 percent sales increase in July 2020 compared with July 2019, and Mazda was up by 3 percent. But Honda was down 11 percent, Subaru was down 20 percent, and Toyota reported a 22 percent decline. Hyundai says that its inventory levels across the country are stable, …

Vehicle sales took a dive in the early weeks of the deadly coronavirus outbreak, but for several finance and insurance product companies, sales have never been better. And each month, those sales keep improving. The reason could be a combination of factors, those companies say, but success incorporating F&I product …

Finance-and-insurance product opportunities after a vehicle sale are growing amid the coronavirus pandemic, according to a dealership consultant and marketing company that helps with these sales after the fact. Though this market has been growing for years, dealerships should consider these opportunities now more than ever. Some dealerships are working …