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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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Automotive Damage Appraisers of the Southwest and Metro Appraisal join Sedgwick, expand national reach of auto claims services.
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The May Retention Index showed another increase and broke yet another record, reaching 159.6 points, a 7.1 point (or 4.7%) increase from April (152.4).
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End-to-end solution through Fortellis to help dealers improve payment experience and drive revenue.
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Lease credit approvals reached 69.9% in May; Down slightly from 70.7% in April.
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SMART Saving Plan allows customers to automate a recurring savings amount that matches their paydays.
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Experian’s latest report also highlights geographic trends in automotive finance.
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New Experian services support employers, human resources, corporate tax and payroll professionals while improving experiences for consumers and lenders.
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Auto loan originations and leases to subprime borrowers fell to just 15% of the total in the first quarter, reported the New York Federal Reserve.
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Volkswagen strength driven by best-selling models; Tesla falls on price declines for its most expensive vehicles.
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New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.
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