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Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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F&I Showroom Magazine
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SEARCHMENUSEARCHLast month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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Central bank waiting to see what happens under Trump administration. Auto loan rates, meanwhile, are rising again.
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Percentage in negative equity grows, and average amount owed reaches a record in Q4.
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Greater credit access in November combines with falling delinquencies for more stable conditions.
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Q3 numbers show that the sector is moving toward normality.
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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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