Finance Insurance

Used vehicles provide big opportunities for lenders, TransUnion says

Cash-crunched U.S. consumers are increasingly turning to the used-vehicle market. Customers can save, on average, $15,000 on a used-vehicle purchase, one expert says, or $120 per month, compared with a new vehicle. (DAVID PHILLIPS)
July 31, 2019 03:35 PM

Shifting consumer demand, changes in vehicle supply and growing issues of affordability in the new-vehicle market are prompting key players in auto retail to pivot toward used vehicles.

Staying current is easy with newsletters delivered straight to your inbox.