Industrywide originations slip 0.4%
Economic headwinds continued to affect auto origination volume in the first quarter, but affordability concerns eased in the second quarter. ...
Tag: TransUnion
Against all odds: Auto market holds steady
The auto finance sector is showing signs of improving affordability and resilient loan production amid gradual dips in vehicle prices ...
Consumers optimistic in face of inflation, interest rates
Auto consumers are fairly optimistic about the market despite indicating that inflation and interest rates are top concerns. Approximately 55% ...
New vehicle lease share up nearly 5 percentage points
Leasing penetration continued to climb in the first quarter as inventory levels normalized and incentives on electric vehicles inched up. ...
Auto lenders buckle up for refinance ‘boom,’ competition
Auto lenders should prepare for a wave of refinance demand in the next two years or risk losing market share ...
Early payment default rates double on kicked deals
Early payment defaults escalate auto fraud risk, which doubles when a loan rejected by one lender is later funded by ...
Industrywide originations dip 1% amid affordability challenges
Affordability and inflation headwinds that affected origination volumes at the end of 2023 continued to pose challenges for auto players ...
Lower credit tiers key to EV growth
Prime consumers have dominated electric vehicle purchases and financing, but for adoption to reach OEM benchmarks, near-prime and subprime consumers ...
