Tag: interest rates

The average amount financed on new-vehicle purchases climbed to a record high in the third quarter as loan terms lengthened ...

Credit unions’ auto finance market share in the third quarter grew 8.23 percentage points year over year to 28.44%, surpassing ...

As the auto industry faces declining consumer demand amid macroeconomic uncertainty and high vehicle prices, lenders are feeling the squeeze ...

Chair Jerome Powell signaled the Federal Reserve will slow the pace of interest-rate increases next month, while stressing borrowing costs ...

Just as automakers start making headway sorting out the parts shortages that have constrained production and left dealers with a scarce supply of vehicles ...

Federal Reserve officials delivered their fourth straight 75 basis-point interest rate increase while also signaling their aggressive campaign to curb ...

Third-quarter earnings season kicked off last week, painting yet again another dismal outlook for the auto finance industry.   Chase Auto ...

Auto demand is softening further as federal interest rate hikes squeeze lenders’ ability to address affordability concerns, and subprime consumers ...