Auto loan delinquencies climb, VantageScore drops
Auto loan delinquencies increased for the second consecutive month in February, and overall late-stage delinquencies across all asset types rose ...
Tag: auto loans
Auto originations projected up 12% to 20% during tax season
Auto loan originations are projected to jump in the coming months as tax refunds pull consumers from the sidelines, boosting ...
Captives lead auto finance share at 29% in Q3
Captives once again captured the largest share of the auto finance market in the third quarter, while credit unions maintained ...
Average auto loan rejection rate highest since 2013 (Big Wheels)
The average rejection rate for auto loans through October increased year over year to the highest reading since 2013. The ...
Big Wheels: New-vehicle loan amounts fall 0.8%
Average loan amounts on new vehicles have fallen from peaks reported in September 2022 but are still elevated compared with ...
Additional tightening possible as delinquencies rise
Auto lenders may further tighten standards as late-stage delinquencies continued to surpass pre-pandemic levels in the third quarter in tandem ...
More Americans are getting turned down for loans, Fed data shows
Americans are increasingly likely to get turned down when they apply for credit, according to a new Federal Reserve survey that shows ...
Cash payments, 48-month loans pick up steam in Q1
An uptick in cash purchases contributed to a decline in new-vehicle financing in the first quarter, driven mainly by prime ...
