Auto loan payments top $1,000 for nearly 1 in 5 borrowers
On the Dash:
Nearly 1 in 5 new vehicle loans now carries a monthly payment of $1,000 or more, according to Experian.
More than a third of new vehicle loan...
TSLA415.880-19.91%
GM82.680-0.56%
F16.635-0.805%
RIVN16.9500.65%
CYD57.7901.07%
HMC26.240-0.75%
TM182.920-7.03%
CVNA71.000-2%
PAG170.4403.07%
LAD293.5202.63%
AN189.0201.3%
GPI311.510-4.83%
ABG186.620-1.09%
SAH83.9601.34%
TSLA415.880-19.91%
GM82.680-0.56%
F16.635-0.805%
RIVN16.9500.65%
CYD57.7901.07%
HMC26.240-0.75%
TM182.920-7.03%
CVNA71.000-2%
PAG170.4403.07%
LAD293.5202.63%
AN189.0201.3%
GPI311.510-4.83%
ABG186.620-1.09%
SAH83.9601.34%
TSLA415.880-19.91%
GM82.680-0.56%
F16.635-0.805%
RIVN16.9500.65%
CYD57.7901.07%
HMC26.240-0.75%
TM182.920-7.03%
CVNA71.000-2%
PAG170.4403.07%
LAD293.5202.63%
AN189.0201.3%
GPI311.510-4.83%
ABG186.620-1.09%
SAH83.9601.34%
auto financing
Auto credit access holds steady in January as borrowing costs rise
On the Dash:
January auto credit access held steady at its highest level since October 2022, despite some mixed metrics.
Subprime lending and longer loan terms increased, expanding access for...
Federal Reserve cuts interest rates to 3.75%-4% amid economic uncertainty
On the Dash:
The 0.25-point Fed cut could lower indirect lending rates, making financing slightly more affordable for new and used-vehicle buyers.
Dealer lenders have historically responded quickly to Fed...
Strong Santa Ana winds threaten progress against L.A. wildfires
On Tuesday, the National Weather Service projected that powerful Santa Ana winds would sweep through Los Angeles, threatening to undo some of the progress in combating the devastating wildfires engulfing...
California wildfires likely to spike auto insurance rates
The tragic wildfires blazing across California are not only destroying homes, properties, and lives, but they could also have serious financial repercussions for millions of Americans.
The first catastrophic wildfires began...
Consumer insights shaping today’s car buying process
Today on Inside Automotive, Steve Baldwin, Vice President of National Sales at Capital One Auto, discusses how data from the 2022 Car Buying Outlook can help car dealers understand their...
The impact of remote-first shopping options and how they can be augmented
Of all car shoppers in the market, only 6% say their next vehicle purchase will be fully online and 17% are inclined to a partially remote shopping experience, according to...
Stellantis to buy First Investors Financial Services to create lending arm
On Wednesday, Stellantis announced that it would be purchasing First Investors Financial Services Group for $285 million. The deal, expected to close by the end of 2021, will establish a...
Auto Leasing Drops for the First Time in Four Years
With used-vehicle values sagging and fewer buyers opting to lease for the first time, the popularity of leasing has hit its first bump in the road following a four-year surge,...
What’s happening in Auto Financing this year?
John Giamalvo: VP of dealer services with Equifax
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