Remove APR Remove Principal Remove Technology
article thumbnail

Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

Still, S&P Global Mobility notes the average APR has risen for the upper-level credit tiers, but not for the lowest tier, including credit scores between 300–600. APR in August versus 5.4% According to S&P Global Mobility, credit unions now offer the lowest average rates in the industry at an average 4.7% for captives and 6.2%

Buyer 52
article thumbnail

Why Dealers Need to Keep Marketing – Even with Low or No Inventory

Automotive Mastermind

“Looking back at a tumultuous year for auto demand, the December sales result reflects apparent steadiness in the market,” said Chris Hopson, principal analyst at S&P Global Mobility. The SAAR reading would be the lowest for a month since May 2022, bringing the full year’s U.S. sales volumes are expected to reach 14.8