Tag Archives: usedvehicle

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 …

Used-vehicle down payments are the highest they have been since Edmunds started collecting data in 2007. Unique market conditions have led to lower interest rates, bigger down payments, less negative equity and increased cross-shopping of used vehicles, according to a statement from the company. The data shows that the average …

Customers with credit scores of 661 and above opted for used vehicles last quarter in the highest numbers since 2009, according to credit bureau Experian. More than half of financed used cars in the fourth quarter of 2019 were originated by consumers in top credit tiers, the company said in …

Alongside fixed operations, earnings from used-vehicle sales and finance and insurance generate the bulk of dealership gross profits today. But executives at the public groups warn that shifting focus to used-car sales may adversely impact F&I opportunities. For all six public dealership groups, F&I profits reached peak levels in 2019, …