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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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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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Credit Acceptance boosts loan volume, value but lowers collection rate forecast.
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It was another stable week in the lanes last week. Inventory is still available and consistent, but there has been a noticeable increase of IF sales and no sales.
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Earnings eclipse $100K for first time as low inventory, higher sticker prices pad wallets.
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Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
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