Bank of America’s EV, hybrid originations ‘significant’
Bank of America remains bullish on EV sales as its financing volume for EVs and hybrids held steady in the ...
Consumers optimistic in face of inflation, interest rates
Auto consumers are fairly optimistic about the market despite indicating that inflation and interest rates are top concerns. Approximately 55% ...
Auto Finance Summit 2024 agenda is live
The 24th annual Auto Finance Summit returns Oct. 7-9 at Wynn Las Vegas, providing attendees with fresh market insights and ...
Fed officials dial back rate forecasts, signal just one ’24 cut
Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls ...
Lenders turn to PTI amid affordability concerns
Lenders have started looking more at payment-to-income ratios when making credit decisions as affordability remains a challenge, especially in nonprime ...
Credit availability worsens sequentially in May
Access to auto credit worsened for the second month in a row but improved year over year in May, while ...
Podcast: ‘Weekly Wrap’ on leasing, NAF Summit
Leasing is picking up in tandem with incentives while used-vehicle values decreased in May — positive signs toward improving affordability. ...
Big Wheels: Auto outstandings rise 2.4% in Q1
Auto outstandings fell 0.2% sequentially but increased 2.4% year over year in the first quarter of 2024. Motor vehicle loan ...
