Tag: auto loan
Auto credit availability declines for fourth straight month as lenders tighten...
According to the Dealertrack Credit Availability Index, auto credit availability in the U.S. fell for the fourth consecutive month in July 2024, with all...
It’s all about the perfect payment
There’s nothing about paying bills that consumers like, so it follows that the easier and cheaper and most penny perfect they are to pay,...
Auto loan defaults and car repossessions are rising—should car dealers be...
Dealership owners are concerned as repossessions continue to increase. According to the Cox Automotive Industry Insights 2021 presentation, repossession in 2020 was the lowest in...
How to increase your F&I gross and offer more affordable auto...
On today's show, we're pleased to welcome back David Engelman, Chief Executive Officer at SMART Payment Plan. We last spoke to Engelman on the...
Auto Loan Interest Rates Continue to Soar
Auto loan interest rates continue to go up, according to a recent Edmunds analysis, with rates reaching their highest in a decade. Looking at...
What Dealers Can Do as Auto Loan Delinquencies Rise
Last week the Federal Reserve Bank of New York revealed that auto loan delinquencies rose significantly in the past year. According to their data,...
Is Wall Street Making It Harder to Buy a Car?
On countless occasions in recent years, the U.S. auto industry has relied on cheap and easy credit from Wall Street to get it through...
