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Report: Longer Commute, Bigger Auto Loan

LendingTree analysts have discovered a correlation between commute times and auto loan balances, finding that car buyers borrow $269 for every additional minute between home and work.

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ADESA Appoints Drehs VP of Major Dealer Accounts

Scott Drehs has been named ADESA’s first-ever leader of major dealer accounts after serving as regional vice president of operations for AFC, another KAR Auction Services brand.

New-Vehicle Interest Rates Fall to 5.8%

The average interest rate for a U.S. new-vehicle loan fell below 6% for the first time all year as automakers and dealers extended model-year selldown promotions.

SAAR Dips to 16.6M in Watershed Sales Report

July deliveries increased 1.3% in the first monthly U.S. new-vehicle sales report to include none of the Detroit 3 automakers, but the seasonally adjusted annualized rate fell below 17 million for the fourth time this year.

ACV Auctions Unveils Virtual Lift

ACV Auctions has introduced a new tool billed as the industry’s first-ever mobile high-resolution undercarriage imaging technology.

Nissan Leads July Lease Deals, Discounts

Wantalease.com reports moves made by an ‘aggressive’ Nissan highlighted the month in auto leasing, maintaining an industry-low price for the Sentra and offering big discounts on the Titan and Pathfinder.

Study Finds Shaky Consumer Confidence in AVs, EVs

Despite manufacturers’ best efforts, J.D. Power analysts described U.S. car buyers’ attitudes toward autonomous and electric vehicles as ‘not encouraging’ upon the release of the first-ever Mobility Confidence Index Study.

4 Factories Create ‘Buzzworthy’ Social Campaigns

Talkwalker’s latest list of the 20 biggest social media hits and misses includes BMW, Chevrolet, Honda, and Tesla.

MAX Digital Launches Collaborative Trade-In Tool

MAX My Trade is a new tool designed to create a dealer- and customer-driven trade-in process, promising higher profits, improved CSI, and better close rates.

Motorbooks Releases ‘Never Stop Driving: A Better Life Behind the Wheel’

The demise of the love for driving and cars has been greatly exaggerated, says author automotive journalist Larry Webster in a new book that celebrates the American car culture.