Fed cuts rates quarter point, sets end to balance-sheet runoff
Federal Reserve officials delivered their second consecutive interest-rate reduction to support a softening labor market, and said they would stop ...
Tag: auto interest rates
Near prime, nonprime new-vehicle sales up 1% year over year
The automotive industry is showing signs of stabilization for nonprime and near prime consumers following recent rate cuts by the ...
Auto loan rates fall following Fed rate cut (Big Wheels)
Auto loan interest rates on new and used vehicles fell year over year in October. The dip in loan rates ...
Refi demand rising as consumers say auto loans are financial strain
Auto loans are burdening consumers, prompting an uptick in refinance demand as interest rates come down and lenders look to ...
Bank of America’s Fabien Thierry on growth, EVs, tech innovation
Bank of America is leaning on its diversified auto finance strategy and technological investments to drive growth and navigate changing ...
Trump continues to push auto finance tax deduction as campaign issue
Presidential candidate Donald Trump continues to pump a proposed auto loan tax deduction as a key campaign issue just days ...
High prices, rising debt add to ‘affordability crisis’
New-vehicle affordability was flat in September as consumers faced ongoing challenges related to high prices, elevated interest rates and rising ...
Under the Hood: Social sites shed light on consumers’ auto loan concerns
Financiers expect lending conditions to worsen, and dealers perceive the auto market as weak, according to recent surveys, but for ...
