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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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F&I Showroom Magazine
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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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While most luxury car lease payments decrease monthly rates, select SUVs greatly increase rates.
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Overall, the automotive finance market has remained resilient, despite the pandemic. Staying close to the data will help lenders ensure they have the right options available to fit consumers’ needs and budgets.
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Lease credit approvals reached 72.9% in March; Up slightly from 70.8% in February.
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TransUnion Global Payment Hierarchy Study observes consumer credit behavior in five countries.
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Car Capital allows their dealer partners to make immediate modifications to deal terms in real-time based on the economics of each unique car and consumer.
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This past week did not set another record, but the market is still experiencing week-over-week increases that are in record-breaking territory.
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CarGurus survey shows more education and awareness needed around auto loan literacy.
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Division of Enterprise Rent-A-Car continues to expand credit union partnerships and drive growth.
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With increased demand for digital lending and auto loan fraud a growing concern, new partnership comes at critical time for industry.
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The market experienced record-breaking price increases this past week, as the supply and demand imbalance continued to drive up wholesale prices.
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