Transunion Archives

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

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

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

TransUnion to acquire Verisk Financial Services for $515M

Automotive Finance

TransUnion to acquire Verisk Financial Services for $515M

By SubPrime Auto Finance News Staff CHICAGO – The acquisition train just keeps gaining steam throughout the automotive industry. The latest momentum builder arrived on Tuesday when TransUnion said it has signed a definitive agreement to acquire Verisk Financial Services, the financial...

February 22, 2022

Subprime auto loan originations near pre-pandemic levels, TransUnion says

Automotive Finance Automotive Lending Non-Prime Financing

Subprime auto loan originations near pre-pandemic levels, TransUnion says

JOHN HUETTER – AutomotiveNews Subprime auto loan originations have yet to recover to pre-pandemic levels, according to the latest TransUnion data, though an analyst said they’re improving and nearing that point. TransUnion on Wednesday said second-quarter subprime loan originations rose...

November 3, 2021

Consider credit ‘soft pulls’ at start of sales process

Automotive Finance Car Dealerships Consumer Credit Credit Approvals F&I Non-Prime Financing Prequalification

Consider credit ‘soft pulls’ at start of sales process

JOHN HUETTER – Reporter covering the finance-and-insurance business and auto retailing for Automotive News Performing a soft pull on a customer’s credit at the start of the buying process can improve sales and reduce awkward conversations in the F&I office, according...

October 21, 2021

TransUnion: 18.7M consumers improved their credit scores while in hardship programs

Consumer Credit

TransUnion: 18.7M consumers improved their credit scores while in hardship programs

By SubPrime Auto Finance News Staff – Get the TransUnion “Determining the Risk of Bankcard Consumers Masked by Suppressed Delinquencies” report. Perhaps here’s something that both consumers and finance companies can take as a positive from COVID-19. Despite financial challenges...

October 20, 2021

Consumer Credit Digital Retailing

Autotrader’s My Wallet can generate specific financing details during online shopping journey

Well done Jessica Stafford & Autotrader US! When making a large purchase decision like buying a vehicle, Autotrader stressed that consumers need to understand not only how it fits into the overall big picture of their finances but also how it impacts their...

June 7, 2021