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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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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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TransUnion research finds many consumers benefitted from leveraging financial hardship programs.
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Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
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The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book.
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Retail sales dropped 1.3% in May, following a 0.9% gain in April, reported the U.S. Department of Commerce.
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