DAILY ROUNDUP | JUN 30 | $1K Payments, VW 100K Jobs, 15.8M Sales, F&I Reinsurance
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Nearly one in five new vehicles now comes with a monthly payment over $1,000, and that one number explains why the auto industry is shifting from selling more cars to squeezing more margin from fewer buyers.
Today’s episode breaks down Cox Automotive’s 15.8 million-unit sales forecast, Bain’s warning that the U.S. market could shrink by more than 2 million units by 2040, Volkswagen’s possible 100,000-job restructuring, and why dealership F&I pay plans and reinsurance products are becoming…
The skinny
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