by Darlene A. Cepeda | Apr 3, 2020 | Car and Auto News
The average new-vehicle loan term in March was 70.6 months, the longest ever, according to a new research report. Loan lengths have been steadily climbing in recent years alongside the price of new vehicles. Average monthly payments also rose, hitting $573. In March 2019, average monthly payments were $553. Loan lengths for new-car purchases have […]
by Darlene A. Cepeda | Apr 2, 2020 | Car and Auto News
Anadolu AgencyGetty Images Overall, auto sales fell 27 percent in the first quarter in the U.S., business publication Wards Intelligence reported. While nearly all manufacturers saw a dramatic downturn in sales, SUV and pickup sales for some were much less dismal....
by Darlene A. Cepeda | Apr 1, 2020 | Car and Auto News
Stay-at-home orders prompted by the spread of COVID-19 have brought economies to a screeching halt and first-quarter auto sales are the first indicators of how detrimental the disease has been on car buying. FCA has reported a quarterly decline in U.S. sales of 10.4...
by Darlene A. Cepeda | Mar 31, 2020 | Car and Auto News
These are tough times, but do you know what else seemed hopeless for the first many months? World War II—because of a lack of needed tools and equipment. Who helped turn that around? The U.S. automobile industry, by providing those tools and that equipment, and...
by Darlene A. Cepeda | Mar 30, 2020 | Car and Auto News
Mondial de l’Auto Paris via Facebook The Paris auto show, which takes place every two years, has been canceled because of the global coronavirus pandemic. The press days were set to occur on September 29 and 30, with public days from October 1 through 11....
