Auto delinquencies ‘stabilizing’ heading into 2025
Auto delinquencies are expected to stabilize in 2025 as interest rate cuts by the Federal Reserve offer added refinancing opportunity ...
Tag: TransUnion
Nonprime new EV financing up 53% YoY
The share of nonprime consumers financing EVs rose sharply over the past year and has doubled since 2020. In the ...
Synthetic identity fraud in auto applications up 5 bps YoY
The volume of auto loans across all lending types containing synthetic identity fraud has increased year over year. One of ...
Industrywide originations rise 1% YoY
Auto originations saw a modest increase industrywide in the second quarter despite ongoing affordability challenges. Auto originations totaled 6.4 million ...
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 ...
Chase Auto’s Mike Douglas to lead dealer services, other staff moves
Mike Douglas will oversee Chase Auto’s commercial and retail businesses as the bank’s new head of dealer services. Effective this ...
Industrywide originations slip 0.4%
Economic headwinds continued to affect auto origination volume in the first quarter, but affordability concerns eased in the second quarter. ...
Against all odds: Auto market holds steady
The auto finance sector is showing signs of improving affordability and resilient loan production amid gradual dips in vehicle prices ...
