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Four-Figure Loan Payments on the Rise
A LendingTree analysis found that location, age and credit score play a role in the rising amount of auto loan borrowers who make monthly payments of $1,000 or more.
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SEARCHMENUSEARCHA LendingTree analysis found that location, age and credit score play a role in the rising amount of auto loan borrowers who make monthly payments of $1,000 or more.
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Jerry research reveals their delinquency rates rival those of the financial crisis of 2008 and 2009.
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The lenders lost over one point of new-car loan and lease market share in 2022, finds Experian.
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Report shows $400 million increase as fraudsters refocus to automotive loans.
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S&P Global Mobility reports auto loan delinquency exceeded recession-era highs in the first quarter.
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Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.
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Analysts predict downward shift over the last two months will continue.
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Agents would do well to adapt a former teen black-market entrepreneur’s tactics to get into dealer principals’ offices.
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Economic headwinds are not deterring sales, Cox Automotive analysts find.
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Proposed rules would cost dealers money and consumers time, finds Center for Automotive Research.
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Q1 numbers show they’re trying new tacks to combat the effect of high interest rates, still-high vehicle prices.
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