MENU
SEARCHMENUSEARCH
Consumer credit increased at an annual rate of 0.5 percent in April, according to the Federal Reserve’s monthly report.
Read More →Consumer credit rebounded in March to an annual rate of 1 percent after it decreased in February to an annual rate of 3 percent, according to the Federal Reserve’s monthly report.
Read More →
Credit might not be loosening up as quickly as the industry had hoped, but it is becoming available to the subprime segment. Industry insider provides his take on why that is.
Read More →Fueled by more favorable pricing and credit terms, eight of the 12 federal districts in the Federal Reserve’s Beige Book reported improved vehicle sales in March.
Read More →Fear of the economy’s slow recovery, snow in the Eastern region of the country and a negative job report not only stalled February auto sales, but it also led to a three-month low in borrowing, according to the Federal Reserve’s February report.
Read More →
The mood at this year’s Vehicle Finance Conference was much improved, and lenders are looking to become active once again. However, they will do so with more caution this time around.
Read More →
The auto finance market continued to stabilize in the fourth quarter, as the crash of 2008 continues to become a distant memory. New financing, however, will remain the domain of the prime and superprime tiers in the months to come.
Read More →VINtek, a provider of automotive collateral management and direct auto finance services for automotive finance lenders, launched www.taxandtags.com, an interactive, real-time tax, tag and title fee calculator for dealers and lenders.
Read More →Credit extended to consumers in January rose for the first time since July 2008, according to the Federal Reserve’s monthly report, providing further evidence that both lenders and consumers are feeling better than they did a year ago.
Read More →Consumer credit dropped 8.5 percent in November 2009, the lowest figure of the year, according to the Federal Reserve’s monthly report.
Read More →