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2024年11月22日 · Auto Finance News provides the latest updates and insights on the auto finance industry, including fraud cases, financing trends, and program developments.
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2021年6月25日 · Auto Finance News is the flagship publication for the auto finance industry — the leading source for news and analysis on automotive lending and leasing. Find all the content from the publication, with your Auto Finance Premium Subscription, optimized for …
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2024年11月22日 · Auto Finance News provides the latest updates and insights on auto financing, including industry trends, acquisitions, and digital lending processes.
Top 5 themes defining auto finance in 2024 - Auto Finance News
2 天之前 · The automotive industry of 2024 was defined by lingering affordability concerns, still-high car prices, election uncertainty, tight credit availability and cautious consumers. The average rejection rate for auto loans through October increased to the highest reading since 2013 at 11.4%, up 0.4 ...
Dealers urge lender flexibility in aftermarket financing
5 天之前 · Dealers are urging lenders to loosen the loan-to-value restrictions on aftermarket products such as service contracts and guaranteed asset protection coverage. “Nobody in the lending side wants to see a 150% LTV,” Jay Slingerland, vice president of Corunna, Mich.-based Slingerland Chrysler ...
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Credit tightening contributes to subprime market shrink
2024年2月29日 · Subprime market share continued to decline across total new- and used-auto loans in the fourth quarter as subprime lenders have tightened credit boxes to manage risk. While subprime borrowers are still seeking auto financing, lenders have tightened underwriting standards amid high interest rates, elevated vehicle prices and other inflationary pressures. This has translated into weaker […]
Auto finance executives to watch in 2024
2023年12月11日 · The auto finance industry has navigated rocky waters this year as lenders, OEMs and consumers battled high interest rates, limited credit, and increased vehicle prices and loan amounts. Auto Finance News is proud to name seven auto finance executives to watch in 2024 who have ridden out the ebb and flow of this year’s economic […]
FICO migration prompts subprime response - Auto Finance News
2023年11月2日 · Subprime auto lenders have updated their credit scoring models following the inflation of FICO scores spurred by the pandemic. Government stimulus payouts contributed to FICO score migration among consumers, Mike Lavin, president, chief operating officer and chief legal officer at Consumer Portfolio Services, said Tuesday during Auto …
Podcast: Nonprime consumers eye gradual improvements on …
6 天之前 · Near prime and nonprime consumers are seeing some relief from affordability challenges in the automotive industry following rate cuts by the Federal Reserve but remain cautious about elevated monthly payments. New-vehicle registrations among near prime and nonprime consumers increased 1% year over ...