consumer auto credit Archives

Loans in Accommodation Decrease, Delinquencies Increase in October 11/20/2020 We have observed auto loan credit loosening this fall, and access to all types of auto loans continued to improve in October. However, access remains tighter than year-ago and pre-pandemic availability levels. Credit access for used vehicles sold by independent dealers improved the most in October. On a year-over-year basis, all loan types are tighter, with certified pre-owned having tightened the most while independent used has… Read Article

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Consumer Auto Credit Conditions Difficult and Will Get Worse for Subprime 10/15/2020 The automotive market has been incredibly resilient during this pandemic, but credit is likely to become more challenging in the months ahead, especially as Congress has failed to pass a much-needed additional stimulus package. The Coronavirus Aid, Relief, and Economic Security (CARES) Act pumped trillions of dollars into the economy and provided support for severely impacted businesses and workers. However, much of the CARES Act support… Read Article

credit consumer credit consumer auto credit Market Insights Smoke on Cars Economy & Trends