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Auto Finance

Newsby StaffDecember 5, 2019

November Auto Loan Interest Rates Hit 21-Month Low

Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3% year-over-year decline.

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Newsby Tariq KamalDecember 5, 2019

Regulators Appear to Endorse Alternative Credit Scoring

A joint statement from the nation’s biggest banking regulators expressed cautious optimism toward emerging decisioning models that could generate more auto loans.

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Newsby StaffDecember 3, 2019

Discounts, Incentives Stabilize New Vehicle Prices in November

Kelley Blue Book reports the average cost to buy a new vehicle was $38,393 last month, a 1% year-over-year increase restrained by frantic efforts to move 2019-MY inventory.

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Newsby StaffDecember 2, 2019

Pre-Owned Values Down 1.4% in November

Black Book reports retained values for used vehicles decreased sharply last month. If the index holds through December, it will end 2019 on a year-over-year decline of nearly 2%.

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Newsby StaffNovember 26, 2019

Frontier Leads Early Wave of Lease Price Drops

The latest report from Wantalease.com finds several factories already offering lease discounts ahead of the usual year-end rush.

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Newsby StaffNovember 25, 2019

Report: Spike in Wholesale Volume Hurts Pre-Owned Values

Prices for used vehicles declined 4.2% in the first 10 months of 2019 while volume increased 5.2%, J.D. Power analysts say, a trend that has begun to affect the commercial market.

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Newsby Tariq KamalNovember 19, 2019

Auto Loan and Lease Activity Slows as Balances Grow

Equifax analysts say U.S. auto loan and lease originations declined 0.6% and 3.9% year-over-year in the first half of 2019, but balances for new vehicle loans were up 2.6%.

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Newsby StaffNovember 14, 2019

Auto Loans and Leases Up 1% in Q3

The Federal Reserve reports U.S. car buyers borrowed $159 billion in the third quarter, a modest gain powered by a 6% increase in originations to prime credit customers.

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Newsby StaffNovember 14, 2019

Ford Credit Tops All Finance Sources in Customer Satisfaction

Ford Motor Credit is No. 1 in J.D. Power’s latest rankings of customer satisfaction with auto finance companies. Analysts say the metric is increasingly driven by the digital experience.

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Newsby StaffNovember 4, 2019

Used Trucks Lost More Value Than Sedans in October

Black Book’s latest Used Vehicle Retention Index report shows retained values for light trucks declined at a faster rate than many car segments.

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