Automotive Finance Archives

Consumer Anxiety Over Auto Loan Approvals Hits 15-Year Peak

Consumer Anxiety Over Auto Loan Approvals Hits 15-Year Peak

The Growing Disconnect in Auto Financing Recent data highlights a widening gap in the auto financing industry—while credit access is improving, consumer anxiety around securing loans is at an all-time high. The Federal Reserve Bank of New York’s February Survey...

March 19, 2025

Embracing AI to Navigate the New Normal in Automotive Retail

Artificial Intelligence Automotive Finance

Embracing AI to Navigate the New Normal in Automotive Retail

The automotive industry stands at a critical juncture—a transformative era where traditional dealership strategies must rapidly evolve to match changing market conditions. Entering 2025, dealerships face an increasingly challenging landscape marked by inventory hurdles, escalating carryover rates, and intense pressure...

March 1, 2025

More positives from Wolters Kluwer Auto Finance Digital Transformation Index

Automotive Finance Digital Retailing

More positives from Wolters Kluwer Auto Finance Digital Transformation Index

Analysis by Wolters Kluwer Compliance Solutions from its Q4 Auto Finance Digital Transformation Index showed adoption of digitized contracting and documentation workflows by auto retailers and their financing partners that foster back-office efficiencies saw a noticeable jump to close last...

February 3, 2025

Exploring Trends in Automotive Finance – Leasing and Cash Purchases Surge Amid Affordability Concerns

Automotive Finance Automotive Lending Consumer Credit

Exploring Trends in Automotive Finance – Leasing and Cash Purchases Surge Amid Affordability Concerns

As the automotive market undergoes major shifts, affordability remains a critical challenge for consumers. However, recent trends in leasing and cash transactions suggest that some alternatives are helping to ease financial pressures. In a recent episode of CBT Now, Melinda...

October 25, 2024

Navigating the Regulatory Maze: 16 Key Compliance Rules for Dealerships

Automotive Finance F&I

Navigating the Regulatory Maze: 16 Key Compliance Rules for Dealerships

For dealerships, staying on top of compliance regulations is a complex, yet essential, part of business. From federal to state and local regulations, dealerships must be vigilant to avoid costly penalties. It’s not just about protecting the business but also...

October 10, 2024

Survey Reveals Gaps in Americans’ Credit Management and Financial Literacy

Automotive Finance Consumer Credit

Survey Reveals Gaps in Americans’ Credit Management and Financial Literacy

The importance of maintaining good credit is a well-known principle in personal finance. Yet, a recent survey by BadCredit.org has uncovered that a significant number of Americans are not actively managing their credit health. The study, which polled 500 adults...

October 3, 2024

S&P Global Ratings Highlights Historical Patterns in Subprime Auto Loan

Automotive Finance Latest News Non-Prime Financing

S&P Global Ratings Highlights Historical Patterns in Subprime Auto Loan

In the world of subprime auto finance, history has a way of repeating itself. The latest report from S&P Global Ratings reveals a familiar pattern of rapid growth followed by performance deterioration within subprime auto finance asset-backed securities (ABS). This...

August 27, 2024

Navigating the Decline in US Subprime Auto Loans

Automotive Finance Consumer Credit

Navigating the Decline in US Subprime Auto Loans

The automotive finance sector continues to grapple with evolving market dynamics, as evidenced by the latest findings from TransUnion’s Q2 2024 Quarterly Credit Industry Insights Report. The report highlights a continued decline in subprime auto loan originations, a trend that...

August 12, 2024

Navigating Tough Credit Conditions in the Auto Finance Industry

Automotive Finance Non-Prime Financing

Navigating Tough Credit Conditions in the Auto Finance Industry

The auto finance industry is currently navigating a challenging landscape, marked by tightening credit conditions. These conditions are not only affecting consumers but also finance companies themselves. This blog post delves into the current credit environment, the challenges faced by...

July 22, 2024

TransUnion Examines the Impact of Expensive Debt on Auto Financing

Automotive Finance Consumer Credit

TransUnion Examines the Impact of Expensive Debt on Auto Financing

TransUnion’s latest report sheds light on how the rising cost of debt is influencing the auto financing landscape. As consumers face increasing financial pressures, the implications for the automotive market are significant. Key Findings Implications for Consumers For consumers, the...

July 11, 2024