Refi demand rising as consumers say auto loans are financial strain
Credit unions held 67% of auto refinance market share in 2023
Auto loans are burdening consumers, prompting an uptick in refinance demand as interest rates come down and lenders look to grow their auto books, with credit unions leading the market. “Consumers are feeling strained,” Satyan Merchant, senior vice president and automotive business leader at TransUnion, told Auto Finance News. “The generations where they’re feeling most […]
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