Auto Credit Tougher to Get
Auto-focused lenders were the exception in August, when overall consumer confidence actually rose.
Auto-focused lenders were the exception in August, when overall consumer confidence actually rose.
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July conditions tighter for consumers despite average loan rate decline.
Poll shows growing aversion to technology’s accelerating part in process.
There appears to be a regulatory target on auto dealer-provided loans.
Carmaker will add the payment options in its European dealerships this month after introducing it in the U.S. last year.
June conditions, including best average loan rate in a year, make buying more likely.
New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.
Borrowers taking on more debt, moving many into delinquent territory.
Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.
Rising auto loan delinquencies, though bad news, could be another opportunity for agents to help dealers come down from pandemic highs.
May mix of conditions shows year-over-year loosening by most measures.
U.S. says $1 billion-plus saved by buyers since the new year, tallies lifetime savings versus gas-powered ownership.
Prices down as inventory, incentives head in the other direction.
Supply backlog of 2023 vehicles nearly at prepandemic level.
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