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Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
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SEARCHMENUSEARCHApril borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
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Inflation-fighting series cuts further into consumers’ ability to afford purchases such as cars.
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The market continued to experience growth last week, with gains far exceeding what is typically seen this time of year.
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Multiple factors drive down purchase costs, which is still well above what most households can afford.
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J.D Power study finds millennial men lead the segment, with Gen X close behind.
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Used-retail active listing volume index index sits at 0.99 points.
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Average transaction figure just a tad over MSRP, far below a year ago.
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New Experian report shows average loan amount increases tapered off, while average terms decreased.
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The first week of March started off as expected with sales rates continuing to increase across the country.
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