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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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Conditions improved in October across the board, though some measures are still down from prepandemic levels, Cox says.
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September numbers break streak of tightening while some borrowers walk a shaky line.
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Auto-focused lenders were the exception in August, when overall consumer confidence actually rose.
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Take this series of steps to help protect your business from fraud by this method.
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July conditions tighter for consumers despite average loan rate decline.
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Poll shows growing aversion to technology’s accelerating part in process.
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There appears to be a regulatory target on auto dealer-provided loans.
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Carmaker will add the payment options in its European dealerships this month after introducing it in the U.S. last year.
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June conditions, including best average loan rate in a year, make buying more likely.
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New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.
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