
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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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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truPayments has joined CDK’s Global Partner Program, giving dealers with CDK websites access to its tru Shop-by-Payment solution.
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Experian’s Q4 auto finance report lists America’s top 10 lease vehicles by market share, including one domestic SUV that captured nearly 4% of all new leases at the end of 2018.
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Despite concerns over affordability and a growing 90-day delinquency rate, Experian’s fourth-quarter report signals a continued reliance on auto financing is stabilizing the market.
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Concerns over subprime lending and 90-day delinquencies offset an otherwise prosperous year for the auto finance industry.
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Lending Tree’s most recent auto finance snapshot finds originations, amounts financed, and monthly payments all accelerated in 2018.
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New IRS rules have sparked a downward trend in refund amounts, threatening the loss of an annual catalyst for used-car sales.
Read More →Swapalease.com registered a slight dropoff in credit applications in January, coinciding with the marketplace’s lowest approval rate since May 2018.
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The third quarter of 2018 saw an alarming plunge in lending to subprime and deep-subprime customers, falling to 21% of all auto loans as banks and finance companies continue to favor the upper credit tiers.
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Swapalease.com’s Q4 2018 Lease Trends Report finds Ram, Acura, and Subaru gaining interest and Chrysler, GMC, and Buick on the decline.
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Chairman Jerome Powell confirmed the Federal Reserve is reconsidering two interest-rate hikes planned for 2019 due to a ‘less favorable outlook’ for the global economy.
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