Auto Loan Payments, Rates Hit Record Highs

The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.
https://www.fi-magazine.com/369768/auto-loan-payments-rates-hit-record-highs?utm_source=dlvr.it&utm_medium=blogger

GM Asks Treasury to Classify its Cadillac Lyriq as an SUV

Without an SUV classification, the Cadillac Lyriq exceeds the price threshold for federal tax credits for EVs.
https://www.fi-magazine.com/369769/gm-asks-treasury-to-classify-its-cadillac-lyriq-as-an-suv?utm_source=dlvr.it&utm_medium=blogger

Nissan Takes 2022, Q4 Hit

Chip shortage weighs on its sales more than some other competitors.
https://www.fi-magazine.com/369739/nissan-takes-2022-q4-hit?utm_source=dlvr.it&utm_medium=blogger

Illinois Dealers Lose Direct-Sales Fight

Lawsuit that sought to bar such sales in the state by Rivian, Lucid dismissed.
https://www.fi-magazine.com/369741/illinois-dealers-lose-direct-sales-fight?utm_source=dlvr.it&utm_medium=blogger

Stellantis Reports 6th Quarter of Sales Declines

In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.
https://www.fi-magazine.com/369743/stellantis-reports-6th-quarter-of-sales-declines?utm_source=dlvr.it&utm_medium=blogger

2022 Light-Vehicle Sales, Well, Light

NADA report shows business weakest in years.
https://www.fi-magazine.com/369752/2022-light-vehicle-sales-well-light?utm_source=dlvr.it&utm_medium=blogger

CPO Sales Dropped Last Year

Early figures show about 10% drop, but there was a late-year surge.
https://www.fi-magazine.com/369754/cpo-sales-dropped-last-year?utm_source=dlvr.it&utm_medium=blogger