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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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The Estimated Average Weekly Sales Rate dropped to 53% last week.
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Q3 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
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Dealers can now get reconditioned vehicles front line-ready faster and boost sales.
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Most survey respondents predict their profits will be flat or rise, though fewer expect an increase.
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Fed announces fourth consecutive ‘jumbo’ increase in effort to slow inflation.
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Demand for new vehicles in the United States remains strong despite rising interest and loan rates, reported CEO Tomomi Nakamura.
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Digital adoption and conversion of back-office processes from paper to digital has continued this year, despite slowing auto sales compared to last year.
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New light-vehicle sales in October 2022 totaled a SAAR of 14.9 million units, the second-highest monthly total this year.
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