Under the Hood: Social sites shed light on consumers’ auto loan concerns
Comments reflect concerns on rates, refinance, negative equity
Financiers expect lending conditions to worsen, and dealers perceive the auto market as weak, according to recent surveys, but for consumers, vehicle financing stress appears to hinge on interest rates and negative equity. For the second straight quarter, lenders noted deterioration within the consumer credit sector reflective of interest rates, stubborn inflation, stressed consumers and […]
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