Big Wheels: New-vehicle loan rates rise 57 bps
Auto loan interest rates ended April above 8% as rates across new- and used-vehicle loans rose year over year. The ...
Tag: pricing-BW
Big Wheels: Exponential Used Vehicle Index declines 11%
Used-vehicle values continue to trend downward from 2022’s peak levels but are outpacing pre-pandemic levels. Used-car values remained unchanged from ...
Big Wheels: Ally Financial stock price rises post Q1 earnings
Ally Financial‘s stock rallied after strong first-quarter earnings released today, closing the day at $38.71, a 6.7% gain after it ...
Big Wheels: National auto interest rates hold north of 8%
Auto loan interest rates remained greater than 8% through the mid-April but showed small signs of relief compared with February. ...
Big Wheels: Used-car values drop 15% in March
Used-vehicle values declined for the second consecutive month after holding steady at the top of the year as retail sales ...
Big Wheels: Examining negative equity: Price fluctuations pressure consumers
Skyrocketing used-vehicle values during the pandemic pushed loan-to-value ratios down, increasing lender recovery rates and borrower equity. By the end ...
Big Wheels: Loan rates continued to climb in February
Auto loan rates continued to climb in February, even as vehicle supply seems to be easing. The national average ...
Big Wheels: Negative equity could impact consumers’ ability to get auto loans
Negative equity is a growing concern for auto lenders as used-vehicle prices come down and consumers look to purchase their ...
