Subprime lending is booming once again in the US – not for home loans, but for cars.
New Subprime Lending Boom in the U.S.
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Tag Archives: used auto sales
2014 NADA Conference
We are jazzed to attend the National Auto Dealers Association Conference in New Orleans! Will you be there?
NADA Feb 9th – 11th
Will we see you at this year’s NADA Convention and Expo? Held in Orlando, Florida; this is the largest international gathering of franchised new vehicle dealers.
BEBdata Preps for NADA in Orlando
The NADA is the Automotive Industry Event of the Year!
It is the world’s largest international gathering for franchised new-vehicle dealers. This convention offers dealers a rare chance to meet face-to-face with executives of major auto manufacturers and features hundreds of exhibitors showcasing the latest equipment, services and technologies and over 40 workshops with the industry’s best trainers. We’ll be there, will you!? Contact us today! Check out our video promoting the event by clicking onto the link below:
Subprime Approvals up by 60%
Subprime approvals for both new and used vehicle sales are 62.5% higher than they were one year ago because dealers are finding it easier to place subprime used vehicle paper.
Breaking down its sales predictions, industry expert, CNW thinks franchised dealers will turn 1.33 million used models this month, marketing a 11.7% gain.
Thanks to inventories and supply becoming more stable and improvements in inventory make-up, the firm contends independent dealers are looking at a significant year-over-year used sales gain in September. Expectations are for independent lots moving 1.28 million units, which would translate to into a 9.7% jump from a year ago.