Tag: auto loans
Study reveals low financial confidence among consumers—what does this mean for...
Data United LDS has released the results of its 12-year study surrounding consumers’ debt and the stress that comes with it, which showed that a...
How auto dealers can help promote greater financial literacy
Around half of Americans operate day-to-day with a limited understanding of finances. That's according to the annual Personal Finance (P-Fin) Index study jointly performed by the...
Average down payment for new vehicles climbs over $6,000
According to Edmunds, the average down payment for new vehicles climbed to over $6,000 for the first time. And it's becoming evident that this...
Subprime loans recover, delinquencies drop in new TransUnion report
Subprime loans for autos have sprung back to nearly pre-pandemic levels, and fewer borrowers are defaulting on their payments. That’s according to TransUnion's Q3...
How can floor plan financing work for used car dealers?
There are many factors that go into a used car dealership’s success or failure — customer service, management, and just plain ol’ luck —...
A look under the hood: the rising cost of car ownership
As American consumers face surges in both gas and vehicle prices, it’s no secret that the cost of car ownership is rising. But this...
Auto Market Summary points to slight market correction
Cox Automotive released its latest auto market weekly summary Monday and while some trends continued, others slightly veered off course. Jobless claims were up,...
Attempted auto loan fraud skyrockets through 2020
Insecurity and joblessness during the initial months of the COVID-19 pandemic are being blamed for a drastic increase in auto loan fraud activity. According...
How record breaking auto loans are influencing the market – Melinda...
Experian’s Q4 2020 State of the Automotive Finance Market report put alternative fuel financing in the spotlight. Today on CBT News, Melinda Zabritski, Senior...
How the acceleration of digital retailing will affect the auto industry...
Today on CBT News, anchor Jim Fitzpatrick is joined by Pete MacInnis, Founder and CEO of eLEND Solutions. His company offers automotive finance solutions...
