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Optimists at the NADA and the AFSA conferences believe the industry is primed to sell a million more vehicles this year than in 2012. But as one dealer rep said, it’s going to take a unified effort to make that prediction a reality.
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Equifax announced three new additions to its Automotive Services division, part of the firm’s effort to accelerate the development and distribution of new products and services to the automotive industry.
Read More →The credit reporting agency reported that balances on outstanding loans are at a 48-month high, while the total number of existing loans reach a 42-month high.
Read More →A new report from the CFPB finds that credit cards dominate consumer reports, while debt collection topped the list of disputes.
Read More →Auto loan originations totaled 10.7 million for the first half of the year, the highest mark since 2007 when 11 million loans were opened, Equifax reports.
Read More →Auto loan volume for the first quarter was 49 percent higher than three years ago, and 25 percent higher than the recession-era low in March 2010.
Read More →New non-mortgage credit balances continue to increase, while new auto, bank and retail cards, consumer finance, home equity and student loan credit rose by $61 billion in January.
Read More →A report from Moody's and Equifax showed that total U.S. auto lease balances increased 9 percent in March compared with a year ago, more than twice the increase in auto loan balances.
Read More →Subprime borrowers now make up more than 46 percent of the auto finance segment, Equifax noted in a new report that showed subprime origination growth across all lending sectors.
Read More →U.S. consumer credit data from CreditForecast.com, a joint product of Equifax and Moody's Analytics, projects a rebounding consumer environment along with recovering auto and home markets in 2012.
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