Tag: affordability

New-vehicle prices have never been higher, and that doesn’t bode well for lengthening loan terms.   Average transaction prices for new ...

Average new-vehicle transaction prices dropped for the first time in five months in September after reaching record highs in August ...

Automation fintech Open Lending is keeping a close eye on softening used-vehicle values as the company looks to combat affordability ...

Subprime automotive consumers are struggling with vehicle affordability as high prices and rising interest rates drive up loan amounts and ...

The auto finance landscape continues to evolve in the wake of rising interest rates, elevated vehicle prices and long-running supply ...

Driving a car has never been so expensive, and it’s not going to get cheaper any time soon. And that ...

New-vehicle affordability declined in July as the median weeks of income needed to purchase a new vehicle increased alongside average price ...

Affordability concerns continue to plague the auto finance industry amid high prices and rising interest rates in a global economy ...