Auto Credit Easier to Come By
March loosening is second month in a row of eased access.
March loosening is second month in a row of eased access.
What auto retailers and lenders can do to help consumers get into a car loan they can afford.
But average payments increased for both new and used models.
CFPB looking into consumer credit account data. Company says it’s cooperating.
January continued three-month streak of tightening across channels.
The company says it remains the largest auto lender as an aggregate for nearly three years.
New- and used-vehicle averages jumped in late January, though they peaked in the fall.
Artificial intelligence can be leveraged for faster approvals, easier underwriting, and speedier lender payments to dealers.
Partners say integration enables delivery of personalized, accurate payment options to dealers.
Consumers faced tighter conditions in the fall, though their overall outlook brightened.
New-vehicle buying conditions far better than a year earlier as market shifts to the buyer.
Dealers have a few more days to report sales tied to discounts. Agency offers help.
Typically, the last week of the year is strong for retail sales, but this year with high interest rates and used vehicle prices on a steep downward decline so far this quarter, we will have to wait and see how the year finishes.
Payment service providers discuss the growing importance of their offerings.
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