Loans with terms longer than 84 months see uptick
The share of longer-term auto loans of 84-plus months is on the rise as consumers face tighter budgets and economic ...
Tag: Edmunds
Used vehicle market: Not what it used to be
The used-vehicle market isn’t what it used to be. Pandemic-induced supply chain shortages coupled with a downturn in leasing have ...
Under the Hood: The need for an auto finance reboot
Consumers are backing away from home purchases, in part because they have too much money tied up in auto loans. ...
Monthly payment pressure shows no sign of easing as APRs tick up
Monthly payments on new and used vehicles remained virtually flat sequentially in the third quarter as annual percentage rates reached ...
Consumer demand shifts to vehicles under $50K
New-vehicle average transaction prices ticked up in August after falling slightly in July as new vehicles listed over $50,000 are ...
Incentive spend reaches 4.4% of ATP, highest in a year
Automakers’ incentive spend rose to the highest level in a year in July as rising interest rates contributed to slowing ...
Average monthly payments reach a record $733 in Q2
New-vehicle loan average monthly payments — and the share of consumers with $1,000 monthly payments — reached a record high ...
$1,000 monthly payments on new vehicles reach record in Q1
The share of consumers paying more than $1,000 per month for new vehicles reached a record high in the first ...
