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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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Auto sales activity likely slowed in the final days of January, notes Cox Automotive's Chief Economist Jonathan Smoke, as consumer sentiment waned and heavy winter weather ran through major markets in the Midwest and Northeast.
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Black Book recently published an update to their Weekly Market Update.
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Company expands leadership to include industry veterans in automotive retailing and P&C insurance.
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TransUnion offers solutions to help lender-borrower dynamic.
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New business division offers enterprise customers a more flexible finance solution for vehicle purchase.
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As we look at the market in Q3, there were a number of notable statistics that can help lenders identify trends and inform strategy.
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Used car leasing platform Fair announced that it will become the first used car leasing alternative offered on LendingTree.
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Lease credit approval rates rise to highest percentage of the year during holiday season.
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By leveraging credit technology, dealerships can process a transaction in less than 30 minutes and put the process in the hands of the consumer.
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There were 4 months of typical seasonal decline in prices, resulting in a relatively flat seasonally adjusted index.
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