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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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PayLink Direct and Olive.com will become public as Olive Ventures Holdings, Inc.
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First portal in industry to offer lease payoff capability.
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Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers.
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CULA posted its 9th consecutive record month, with more leases processed in May and June than in any other months in its history.
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With thousands of dealerships enrolled nationwide, the ZERO Plan finances most F&I products, reduces chargebacks by 50%, provides up to 42 monthly installments and funds in 7 days.
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The increasing penetration of passenger vehicles, rising modernization of vehicles, and development of autonomous vehicles are some factors expected to drive the market growth during the forecast period.
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The June Retention Index increased again, although at the slower rate, and broke yet another record, reaching 166.0 points.
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As auto loans and credit apps rise, it appears Americans are more willing to take on debt.
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AUTOPAY and DigniFi join forces to help drivers cut their interest payments in half and save as much as $8,000 on their car loan.
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TransUnion study finds borrowers used auto loan deferments as a safety net during the COVID-19 crisis.
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