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July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
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SEARCHMENUSEARCHCredit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
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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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Report shows $400 million increase as fraudsters refocus to automotive loans.
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S&P Global Mobility reports auto loan delinquency exceeded recession-era highs in the first quarter.
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