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

Vehicle Sales

0
+ 0 %

AFN Composite Index

0
+0.44%

Consumer Sentiments

0
+ 0 %

SOFR

0
+ 0 %

APR 48 Mos.

0
+ 0 %

First-time car buyers facing financing challenges as lenders pull back 

Dealer groups Car Pros, Morgan Auto report reduction in thin-file programs 

Amanda Harris

It is becoming increasingly difficult for first-time car buyers to secure financing amid higher interest rates, elevated sticker prices and conservative underwriting.   For consumers with decent credit scores but limited credit histories — including those with no prior vehicle loans — getting approved for financing is more of a challenge in recent months, Car […]

Already subscribed? Log in

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Johnnie Martinez II

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

Daily Intelligence Brief

Join 45,000+ industry professionals who start their day with our curated auto finance news.

No spam. Unsubscribe anytime. By subscribing, you agree to our Terms.

Sponsored

Tesla announces new fleet financing program

EV Finance

Subscribe to Our Newsletters

PowerSports Finance - Monthly coverage of the powersports lending market