New-vehicle financing reaches record high
The average amount financed on new-vehicle purchases climbed to a record high in the third quarter as loan terms lengthened ...
Tag: interest rates
Credit union auto loan market share reaches 31%
Credit unions’ auto finance market share in the third quarter grew 8.23 percentage points year over year to 28.44%, surpassing ...
Listen: Weekly Wrap discussion on Carvana, incentives
As the auto industry faces declining consumer demand amid macroeconomic uncertainty and high vehicle prices, lenders are feeling the squeeze ...
Powell signals downshift likely next month, more hikes to come
Chair Jerome Powell signaled the Federal Reserve will slow the pace of interest-rate increases next month, while stressing borrowing costs ...
Car loan rates head for 14-year high in new barrier for buyers
Just as automakers start making headway sorting out the parts shortages that have constrained production and left dealers with a scarce supply of vehicles ...
Fed hikes again by 75 basis points, hints at entering end phase
Federal Reserve officials delivered their fourth straight 75 basis-point interest rate increase while also signaling their aggressive campaign to curb ...
Listen: Weekly Wrap discussion on Q3 earnings kickoff
Third-quarter earnings season kicked off last week, painting yet again another dismal outlook for the auto finance industry. Chase Auto ...
Rising rates, lack of supply drive away subprime consumers
Auto demand is softening further as federal interest rate hikes squeeze lenders’ ability to address affordability concerns, and subprime consumers ...
