1/4/2024 0 Comments Shift used cars sacramento![]() ![]() ![]() After recording a 1.8% improvement in August, Cox Automotive reports that credit access increased by 0.2% in September. After a slight decline in May, auto loan accessibility began to make marginal month-over-month headways. Auto loan accessibility improves for third consecutive month in SeptemberĪuto loan and credit accessibility improved for the third consecutive month in September, according to Cox Automotive’s Dealertrack Credit Availability Index. Several analysts interpreted Fain’s move to close Ford’s Kentucky Truck plant, which produces Lincoln Navigator SUVs and Super Duty pickup trucks, as an indication that the nearly month-long series of coordinated walkouts at the Detroit Three may be the beginning of the endgame. Ford’s unexpected UAW strike raises stakes for GM, StellantisĪs contract negotiations continue, pressure is mounting on Stellantis and General Motors following the United Auto Workers strike at Ford’s biggest and most profitable factory in Louisville, Kentucky. According to summaries issued by the UAW and automakers, the Kentucky walkout serves as a warning to Stellantis and GM, whose wage and benefits offers fall short of Ford’s. ![]() Treasury Department rolled out its proposed guidelines for lucrative EV tax credits, and more headlines to stay on top of this week in automotive industry news. Online used-car giant, Shift Technologies, announces its exit with a bankruptcy plan. Tesla, not to be outdone, slashed its prices, challenging conventional gasoline vehicles on cost. Meanwhile, auto loan accessibility witnessed its third consecutive month of improvement. Earlier this week : Ford faced an unexpected UAW strike, sending ripples through its Detroit counterparts, GM and Stellantis. ![]()
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