FINANCE AND INSURANCE

The rise in the average interest rate on new-vehicles amid declining monthly payments last month is explained by the inventory constraints hampering truck and SUV sales, said Edmunds senior analyst Ivan Drury.

The F&I product landscape for EVs has rapidly changed over the past few years, though the penetration of EV sales remains slim compared with sales of internal combustion engine vehicles.

An American Financial Services Association's April Fools' prank has roots in industry anxiety.

Low inventory has driven up off-lease retention values, and customers and dealerships are working to capitalize on that equity in the showroom.