Mazda North American Operations (MNAO) today reported total April sales of 30,093 vehicles, a decrease of 3.3% compared to April 2021. Year-to-date sales totaled 112,361 vehicles; a decrease of 1.8% compared to the same time last year. With 27 selling days in April, compared to 26 the year prior, the company posted a decrease of 6.9% on a Daily Selling Rate (DSR) basis. Certified Pre-owned sales totaled 5,274 vehicles in April, a decrease of 23% compared to April 2021. Continue reading
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Auto Loan, Lease Total at Record $1.3 Trillion during 2021
The auto finance market grew 6.7% in 2021, in spite of challenges securing new-car inventory during the COVID-19 pandemic. This growth drove auto loans and leases remaining open to reach $1.3 trillion, an all-time high, according to the annual Big Wheels* Auto Finance ranking of car lenders and lessors released today.
“Auto finance growth in 2021 was largely driven by strong – and expensive – used cars, which bolstered originations,” said Marcie Belles, author of the report… “many financiers recorded lower ratios of new cars in their portfolios. Still, origination volume has been nearly restored to pre-COVID levels, and it continues to climb.” Continue reading →