Consumer Credit Archives

Summer Heat and Loosening Auto Credit: What It Means for Canadian Car Buyers and Dealers

As temperatures climb across the country, Canadian car buyers may find some relief—not just from the weather, but from improving credit conditions that could make auto financing more accessible. The latest data from Cox Automotive’s Dealertrack Credit Availability Index shows...

July 11, 2025

Auto Loan Delinquencies Hit Record High in Q1 — Canadians Struggle with Rising Vehicle Ownership Costs

Consumer Credit Latest News Repossessions

Auto Loan Delinquencies Hit Record High in Q1 — Canadians Struggle with Rising Vehicle Ownership Costs

Late payments on auto loans have hit a new high across North America in early 2025, and Canadians aren’t immune. The growing burden of vehicle ownership — from record-high insurance premiums to skyrocketing repair costs — is making it harder...

June 18, 2025

Consumer Sentiment Is Brightening, but Payment Pressures Persist

Consumer Credit

Consumer Sentiment Is Brightening, but Payment Pressures Persist

Cox Automotive says unique credit applications per dealer on Dealertrack rose 2 percent year‑over‑year last week—a sign that shoppers may be edging back toward the finance office. Yet whether customers are truly comfortable signing for a new vehicle depends on which...

May 29, 2025

Rising Consumer Debt and Auto Finance: Why Smarter Decisioning is More Critical Than Ever

Consumer Credit Latest News

Rising Consumer Debt and Auto Finance: Why Smarter Decisioning is More Critical Than Ever

As household debt in the U.S. continues to soar, the auto finance industry faces growing risks — and growing opportunities — in how it navigates consumer credit challenges. According to Experian, auto loan balances alone ballooned from $1.1 trillion in...

April 27, 2025

Consumer Anxiety Over Auto Loan Approvals Hits 15-Year Peak

Automotive Finance Consumer Credit Credit Approvals Prequalification

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

Addressing the Affordability Challenge with F&I Products

Consumer Credit F&I

Addressing the Affordability Challenge with F&I Products

Blog Post: Addressing the Affordability Challenge with F&I Products The automotive market is facing a growing affordability crisis. With rising vehicle prices, increasing maintenance costs, and persistent economic uncertainties, consumers are finding it harder to manage the financial demands of...

December 12, 2024

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

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

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

Embracing AI for Financial Management: Insights from BMO’s Latest Survey

Consumer Credit

Embracing AI for Financial Management: Insights from BMO’s Latest Survey

Artificial Intelligence (AI) is increasingly becoming a vital tool for managing personal finances. The BMO Real Financial Progress Index has revealed that a significant number of Americans, especially Gen Z, are leveraging AI to enhance their financial management. This blog...

July 31, 2024