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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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Recent patterns show good credit helps navigate high interest rates as highly leveraged consumers sink further.
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Slight May improvement came with risks to borrowers, lenders.
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Experian report shows other shifts, including banks clawing back market share.
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Overall April conditions didn’t benefit the consumer, especially those presenting more risk.
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Rethinking auto financing for a new era of buyers
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Q1 stats show more than ever are opting for seven-year loans for new vehicles.
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Mixed February conditions still produce highest Cox index reading in more than two years.
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