Used EV values rise 11.9% YoY in May as new EV market share drops
Rising demand for cheaper, off-lease EVs drove wholesale values higher and led dealers to push incentives on new EVs in May. With the expiration of the EV tax credit ...
Tag: Navy Federal Credit Union
Middle-income consumers opt for newer used cars amid ‘E-shaped’ economy shift
More middle-income consumers are opting for newer, used vehicles as the gap grows between lower- and higher-income households. The economy has shifted from a “K-shape” to an “E-shape,” defined ...
Navy Federal extends used-car financing to 84 months
Navy Federal Credit Union has extended used-vehicle financing terms to 84 months and lowered auto loan interest rates in the past week as the overall cost of ...
Used-vehicle financing share reaches 58.6% in Q1
Lenders financed more used vehicles in the first quarter as monthly payments and loan amounts rose at a slower rate ...
Navy Federal lowers auto loan rates amid rising costs of ownership
Navy Federal Credit Union lowered auto interest rates as consumers grapple with a total higher cost of vehicle ownership due ...
Navy Fed index: Car ownership costs up 38% in 4 years
Navy Federal Credit Union is advising potential car buyers to carefully review insurance options as rising prices for coverage and ...
Ally Financial names Rhodes as CEO, and other staff moves
Ally Financial named a new chief executive today, ending a three-month search. Michael Rhodes will take the reins of the ...
Credit unions navigate ‘fiercely competitive’ market
Competition is ramping up across the auto finance industry as incentives increase, prompting banks and credit unions to keep a ...
