AUGUST 20, 2021

Q2 Sales Reflect Return to Normal, Experian Says

An anomaly in the second quarter is that while prices are generally perceived to be up, the average new-vehicle loan amount for the second quarter of 2021 actually declined almost $1,000 vs. a year ago, to $35,163.

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Auto Retailer Sonic Growing EchoPark Used-Car Business

Sonic projects 2025 revenue of $14 billion for EchoPark, vs. $1.4 billion for 2020. Sonic expects EchoPark stores to make less gross profit per unit retailed but make it up on volume.

New, Used Auto Lenders Seeing Low Delinquency Rates

TransUnion says auto delinquencies of 60-plus days accounted for 1.23% of the amount outstanding as of the end of the second quarter. That’s an improvement over a delinquency rate of 1.51% a year ago, in the depths of coronavirus-related business shutdowns.

GM, AT&T to Team on 5G Automotive Connectivity

Current Chevrolet, Buick, GMC and Cadillac owners in the U.S. with 4G LTE-capable 2019-model-year and newer vehicles will easily migrate to the new 5G network infrastructure once available, GM and AT&T say.

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