Q2 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
Ford Motor Co. saw U.S. sales rebound sharply in July for the second consecutive month while Toyota Motor Corp. and Honda Motor Co. saw sales dip for the 12th consecutive month.
The Retention Index decreased to 189.4 points in July as consumer confidence remained at historic lows.
The company saw revenue more than double to $8.1 billion as customers continued to hail rides and order takeout food.
Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
The House is expected to also pass the bipartisan bill that earmarks billions of dollars to boost domestic semiconductor production.
General Motors, Ford Motor and Stellantis may need to boost wages as they negotiate a four-year labor contract for 150,000 employees.
Whether it is as a result of current inflationary pressures causing a pullback from consumers, or is more evidence of a return to traditional seasonal valuation patterns, prices have dropped for most segments as we reach the mid-point of summer.
July U.S. auto sales are expected to show very little change from June’s results as a lack of supply continues to batter the new-vehicle market.
The Estimated Average Weekly Sales Rate remains somewhat stagnant, around the 66% mark.
The money will help a joint venture of General Motors Co. and LG Energy Solution finance the construction of new lithium-ion battery cell manufacturing facilities.
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