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Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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SEARCHMENUSEARCHMost financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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SVR Repo is no-frills GPS solution for budget-conscious auto dealers who simply need to locate their vehicles for repossession.
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Rejection rate rising as lenders get pickier under tighter conditions.
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Bundle also includes installation, providing one-stop-shop for EV ownership.
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Deal provides advanced verification, fraud-detection capabilities to Canadian lenders.
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Jerry research reveals their delinquency rates rival those of the financial crisis of 2008 and 2009.
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June conditions balanced between high prices, interest rates and rising income and incentives.
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June average price increase least since pandemic began, Cox says.
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June’s loosening follows spring banking crisis, though access is still tighter year-over-year and compared to prepandemic.
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Cox Automotive forecasts an improved used-vehicle market in latter half of the year.
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Extending credit to high-risk customers is harder, but there are ways to get those customers into loans.
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