At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. A rough real estate market appears to have taken a toll on Opendoor this year, with the iBuyer experiencing a revenue dip and a rise [...]read moreOpendoor Revenue Dips, Losses Rise Amid Q1 Transaction Slump
Inflation was a hot topic in the U.S. in 2022 and 2023, as everything from food to fuel rapidly became more expensive, squeezing consumers’ wallets from almost every angle. Unfortunately, the solution to rising inflation is to boost interest rates — including auto loan interest rates — which is often just as painful as the [...]read moreAuto loan interest rates are up but average transaction prices are down (February 2024)
The average new vehicle transaction price has soared over the past few years, though it fell slightly in February to “just” $44,045. J.D. Power’s February 2024 U.S. Automotive Forecast noted that the decline in average pricing has led to an increase in the number of transactions, pushing spending to record levels. While the average asking [...]read moreJ.D. Power: Average new vehicle transaction price dropped to $44,045