Your Top Resource for Consignor and Auction News
Search Close Menu

Tag Search Result

New Vehicles

Infotainment, Automation Boost New-Vehicle Appeal

Improvements in infotainment systems and increased availability of advanced driver assistance systems are making customers increasingly satisfied with their new vehicles, according to the J.D. Power 2019 Automotive Performance, Execution and Layout Study.

Auto Loans Reach $1.14 Trillion

Average monthly payments for new-vehicle purchases ($530), new-vehicle leases ($430), and used vehicles ($381) all reached new highs, growing by 4% to 6% year-over-year. Auto loans now account for a full 8% of all outstanding consumer debt — up from 6% just a decade ago.

Lease Payment Prices Rise in September

The vehicles with the largest increased monthly payment were the Nissan Sentra, Toyota Corolla, and Nissan Altima, which were 22.91%, 16.36%, and 15.13%, respectively.

New-Vehicle Transaction Prices Rise 3.4% in May

Utility vehicles and pickups played a large part in driving up the average transaction price for a new vehicle to $35,635 in May, a 3.4% increase over the same time last year, according to Kelley Blue Book.

Used Vehicle Loans Increase $410 in Past Year

The loan amount for a new vehicle in the first quarter of 2018 was $31,445, $921 higher than the same period in 2017. In the used segment, the average loan amount for a vehicle was $19,536, $410 higher compared to the year-ago period.