Despite media notions that U.S. auto loan delinquencies are accelerating, they are in fact trending flat, credit reporting bureaus Equifax and Experian Automotive said last week.
The two companies also said their data show there’s no bubble in subprime auto loans.
“From a data perspective, prime is growing faster than subprime,” Amy Crews Cutts, chief economist for Equifax Inc., told Automotive News last week. “Subprime is growing at half the rate prime is growing. For this to be a bubble, some kind of crazy period, you would think there would be more of an increase in customers coming from that [subprime] space, but that’s not the case.”
To poke at Shakespeare, this is the stuff travel dreams are made of. Here are the Robb Report’s picks for the 14 most lavish suites in Europe’s landmark city hotels.
A nonprofit group called Clean Auto Alliance is launching at the convention to help dealerships improve environmental and safety best practices. The organization is looking for dealers, automaker representatives and other industry experts to form a committee to define standards by which businesses will be recognized for their commitment to these practices.
Shockingly, Ferrari has never set up shop in the gilded South Bay. That changed last week, when they opened a beautiful, two-story, dealership and service center on Hawthorne Boulevard in Torrance.