Banks’ share of auto financing grew year-over-year from 25% to 27%, while captives’ share fell from 31% to 30%.Pexels/Sora Shimazaki Auto loan delinquencies stopped growing in the first quarter, according to Experian data.The period also saw banks regain market share after losing ground to captives following the pandemic.Thirty-day loan delinquencies held about steady at 2%,…

Volvo said its new seat belt design dramatically improves on the three-point design it debuted in 1959. Pexels/Mario Amé Volvo, known for its vehicle safety enhancements, said it’s introducing an innovative seat belt design that adapts to the wearer. The restraint, scheduled to debut in Volvo’s 2026 EX60 electric SUV, uses interior and exterior sensors…

The two surveys found different levels of consumer concern about public charger availability. Pexels/Kindel Media Consumer demand for electric vehicles is being tempered by anti-green Trump administration policies, but the question is by how much. Two recent surveys provide significantly different readings on the EV demand pulse.  While a J.D. Power poll found 24% of…

Ford will raise prices this year on models made in Mexico due to U.S. tariffs on imports. An automotive industry outlook paints a dim picture of business for the year as a result of U.S. trade tariffs. The AutoForecast Solutions prediction predicts light-vehicle sales will fall for the first time since 2022 due to uncertainty…

The ‘leak’ of skipping finding out what each customer really wants and needs costs sales. Pexels/Kritsada Seekham There’s an invisible leak in many F&I offices—and it’s costing big. The issue? The push to sell products often comes before establishing whether the customer even needs them. Identifying and plugging this leak by focusing on what customers…

Finance managers today need to be in constant motion—walking the floor, checking in with the sales desk, and making rounds in the service department.  Pexels/Lukas Gone are the days when the finance manager could sit back in the office and summon customers with the press of a loudspeaker button.  Today’s consumers are pressed for time,…

In 2023, there were 31 per 100 million vehicle miles traveled, compared to one passenger-car occupant fatality, according to the NHTSA. Pexels/Quintin Gellar The number of motorcyclists killed on American roads rose in the most recent full year for which data is available, and fatalities among the youngest riders spiked sharply. Motorcyclist deaths rose 1%…

Hyundai’s mobile EV application, MyHyundai with Bluelink, again topped mass-market brands in J.D. Power’s user survey. Electric-vehicle drivers tend to put high value on mobile applications that control their cars from outside, but many find most apps don’t make the grade. From a spring survey of nearly 2,000 U.S. EV owners, J.D. Power found that…

Pexels/May Guo All four figures on Mount Rushmore, known as America’s Shrine of Democracy, supported tariffs. Does that mean that the United States of America should endorse tariffs in 2025? The debate regarding tariffs, with most economists disparaging them and a minority supporting, recalls an anecdote: An economist is passing a ranch and notices a…