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auto loan

Shifting Economy Sends Auto Loan Rates Up

New- and used-vehicle averages jumped in late January, though they peaked in the fall.

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Auto Loan Amounts Trend Downward

Average for new and used vehicles decreased in the third quarter.

Tenet Offers Bundled Loans for EVs, Home Chargers

Bundle also includes installation, providing one-stop-shop for EV ownership.

Double-Digit Decline in Ally Financial Q1 Net Income

Despite a 51% net income decline, the company’s net income is higher year-over-year.

Inventory Shortage Inspires Fraudsters to Inflate Incomes

Financial crises have long served as a catalyst for fraudulent activity in the automotive industry.

Car Loan Credit Access Tightens in January

Hits 2 ½-year low. Subprime, negative-equity shares fall.

Car Loan Delinquencies Up

Report shows those 60 days or more overdue reached 10-year high.

Interest Rates are Steady, But Experts Ponder for How Long

Fed Chair Jerome Powell has said the committee plans to complete tapering before raising rates, and markets are targeting June as the possible date for the next rate hike.

Fed Reserve Raises Interest Rates

One industry analyst said the quarter-point hike will result in new-vehicle sales dropping below 17 million units in 2018, noting that the Fed Reserve’s previous three increases are responsible for fewer new leases and this year’s shift from new to used.

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Outstanding Auto Loan Balances Reach Record High, Experian Reports

The total dollar amount of automotive loan balances outstanding hit $839.1 billion in the second quarter of 2014, up 11.7% from the previous year. Officials said the industry should watch this trend closely, as it may dictate the availability of credit in the future.

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