Consumer Credit Archives

Auto Credit Trends and Pricing Insights: Navigating the New Vehicle Market

In a recent update, Cox Automotive shared insights on new vehicle prices and the state of auto credit availability for October, as measured by the Dealertrack Auto Credit Availability Index. October saw a continuation of the trend that began in...

November 23, 2023

Transunion’s Q2 2023 report: Canadians are sinking deeper into debt

Automotive Finance Automotive Lending Consumer Credit

Transunion’s Q2 2023 report: Canadians are sinking deeper into debt

As living costs skyrocket, Transunion’s Q2 2023 report uncovers a disturbing trend: Canadians are sinking deeper into debt. From soaring auto-loan balances to increased credit dependency and alarming delinquency rates among Gen Z, the nation’s financial resilience is at stake....

September 1, 2023

Understanding the Trends and Dynamics in Used Car Pricing: An Analysis of Autozen’s Data

Consumer Credit

Understanding the Trends and Dynamics in Used Car Pricing: An Analysis of Autozen’s Data

Source: AutoZen Autozen’s recent data provides critical insights into the used car market’s depreciation rates and factors influencing these trends. The average depreciation for vehicles on the platform is 6.2% year over year, a marked improvement from historical rates that...

September 1, 2023

Dealer interest in subprime finance grows in Canada

Automotive Finance Automotive Lending Consumer Credit Credit Approvals Non-Prime Financing

Dealer interest in subprime finance grows in Canada

By Sarah Rubenoff, Correspondent at AutoRemarketing Canada. Source: https://www.autoremarketing.com/arcanada/dealer-interest-in-subprime-finance-grows-in-canada There is a bit of a learning curve in the world of subprime auto finance, but more dealers, franchised and independent, are entering the business and implementing subprime in an effort...

June 6, 2023

DecisioningIT Unveils Online Finance Application Tool for Instantaneous Lender Matching

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Consumer Credit Credit Approvals Digital Retailing F&I Latest News Marketing Non-Prime Financing Prequalification

DecisioningIT Unveils Online Finance Application Tool for Instantaneous Lender Matching

Source: Yahoo Finance TORONTO, May 29, 2023 /CNW/ – DecisioningIT, a leading technology company specializing in innovative financial solutions, proudly announces the launch of its cutting-edge online finance tool, revolutionizing the automotive lending industry. This groundbreaking tool utilizes advanced decisioning algorithms and...

May 29, 2023

Cox economist Jonathan Smoke breaks down 10 predictions for the future of the auto industry

Consumer Credit Latest News

Cox economist Jonathan Smoke breaks down 10 predictions for the future of the auto industry

Source CBT News – Over the past few years, our industry has experienced changes in inventory, high prices, and electric vehicles. Can we anticipate more of the same in the coming year? On today’s episode of Inside Automotive, Jonathan Smoke, Chief Economist...

January 11, 2023

TransUnion 2023 forecast: Auto finance on surer footing than credit cards & personal loans

Consumer Credit Non-Prime Financing

TransUnion 2023 forecast: Auto finance on surer footing than credit cards & personal loans

Autoremarqueting.com – Auto finance appears to be in a much better state than credit cards and personal loans based on TransUnion’s 2023 Consumer Credit Forecast released on Wednesday. While experts are expecting delinquency rates for credit card and personal loans...

January 4, 2023

Banned, fined Calif. dealer says AG’s office wore him down into settling for $1.7 million

Consumer Credit

Banned, fined Calif. dealer says AG’s office wore him down into settling for $1.7 million

Autonews.com – A California used-vehicle dealer has accepted a decade-long ban from the industry and paid the state $1.7 million as part of a settlement to resolve violations the state says include 650,000 misleading advertisements, 20,000 instances of “power-booking” and...

December 27, 2022

Q3 closes with improved credit availability

Automotive Finance Automotive Lending Consumer Credit

Q3 closes with improved credit availability

Chart courtesy of Cox Automotive. By SubPrime Auto Finance News Staff Sales might have softened in September, but Cox Automotive indicated credit for auto financing improved as the third quarter closed. According to the newest Dealertrack Credit Availability Index released...

October 17, 2022

TransUnion examines EV’s market growth & consumer credit profiles

Automotive Lending Consumer Credit

TransUnion examines EV’s market growth & consumer credit profiles

Source: Auto Remarketing – A new TransUnion study conducted in collaboration with S&P Global Mobility determined the registered electric vehicle market share is expected to grow from 5% at the end of 2021 to approximately 40% by 2031. Analysts also...

July 22, 2022

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Category: Consumer Credit

Auto Credit Trends and Pricing Insights: Navigating the New Vehicle Market

Transunion’s Q2 2023 report: Canadians are sinking deeper into debt

Understanding the Trends and Dynamics in Used Car Pricing: An Analysis of Autozen’s Data

Dealer interest in subprime finance grows in Canada

DecisioningIT Unveils Online Finance Application Tool for Instantaneous Lender Matching

Cox economist Jonathan Smoke breaks down 10 predictions for the future of the auto industry

TransUnion 2023 forecast: Auto finance on surer footing than credit cards & personal loans

Banned, fined Calif. dealer says AG’s office wore him down into settling for $1.7 million

Q3 closes with improved credit availability

TransUnion examines EV’s market growth & consumer credit profiles

Addressing the Affordability Challenge with F&I Products

CarGurus Launches Digital Retail Platform to Streamline Car Buying in Canada

The Amazon-Hyundai Partnership – Transforming Car Buying and Customer Experiences

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

Navigating the Regulatory Maze: 16 Key Compliance Rules for Dealerships

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