Overall, the automotive finance market has remained resilient, despite the pandemic. Staying close to the data will help lenders ensure they have the right options available to fit consumers’ needs and budgets.
While many SUV brands decrease lease payments, others increase monthly rates after the New Year to meet the segment average.
MUSA Auto Finance announced its plans to expand both new and used car leasing nationwide through a partnership with two large U.S. financial institutions working together toward securitization.
The average loan amount for a new vehicle jumps $4,000; however, the average monthly payment remains steady.
For 16 years, the program has recognized the industry’s best vendors, suppliers, and finance partners.
Kasasa, LTD. adds value to their financial technology and marketing services platform through its new partnership with Carleton, Inc.
The federal spending bill being negotiated by House and Senate leaders is not likely to include an extension of the $7,500 tax credit for buyers of electric vehicles.
Kerrigan Advisors’ latest Blue Sky Report finds the pace of U.S. dealership buy/sell activity quickened in the third quarter and could accelerate further in Q4.
Edmunds’ latest Used Car Report finds high off-lease volumes have suppressed prices and widened the gap between new and 3-year-old models to an average of $14,951.
Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year increase.
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