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Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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SEARCHMENUSEARCHMost financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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Greater credit access in November combines with falling delinquencies for more stable conditions.
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Q3 numbers show that the sector is moving toward normality.
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Conditions improved in October across the board, though some measures are still down from prepandemic levels, Cox says.
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September numbers break streak of tightening while some borrowers walk a shaky line.
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Auto-focused lenders were the exception in August, when overall consumer confidence actually rose.
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Take this series of steps to help protect your business from fraud by this method.
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July conditions tighter for consumers despite average loan rate decline.
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Poll shows growing aversion to technology’s accelerating part in process.
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There appears to be a regulatory target on auto dealer-provided loans.
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Carmaker will add the payment options in its European dealerships this month after introducing it in the U.S. last year.
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