Federal Reserve announces emergency meeting on auto lending regulations • Click for details

Vehicle Sales

0
+ 0 %

AFN Composite Index

0

+4.30%

Inventory Index

0
- 0 %

SOFR

0
+ 0 %

APR 48 Mos.

0
+ 0 %

Fed: Auto sales soften through August, finance demand mixed

August SAAR landed at 16.8M, Huntington held underwriting standards steady

Auto sales softened in July and early August amid affordability pressures, while consumer demand for auto loans and leases was mixed, according to the Federal Reserve’s latest Beige Book. National auto sales were “mostly subdued, dampened by downbeat consumer confidence, high fuel prices and rising financing costs,” according to the Beige Book published Sept. 2. […]

Already subscribed? Log in

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Amanda Harris

CarMax Auto Finance originations down 1.5%

David Thompson

Wells Fargo Auto originations soar 110% YoY

David Thompson

Chase Auto originations down 3% YoY

David Thompson

Subscribe To Our Email Newsletter

Join industry professionals who start their day with our curated auto finance news.

* indicates required

By clicking submit below, you consent to allow Auto Finance News (Royal Media Group) to store and process the personal information submitted above to provide you the content requested.

For more information please visit www.royalmedia.com/legal.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.

Sponsored

Tesla announces new fleet financing program

EV Finance

Subscribe to Our Newsletters

PowerSports Finance - Monthly coverage of the powersports lending market