Consumers optimistic in face of inflation, interest rates
Auto consumers are fairly optimistic about the market despite indicating that inflation and interest rates are top concerns. Approximately 55% ...
Tag: TransUnion
New vehicle lease share up nearly 5 percentage points
Leasing penetration continued to climb in the first quarter as inventory levels normalized and incentives on electric vehicles inched up. ...
Auto lenders buckle up for refinance ‘boom,’ competition
Auto lenders should prepare for a wave of refinance demand in the next two years or risk losing market share ...
Early payment default rates double on kicked deals
Early payment defaults escalate auto fraud risk, which doubles when a loan rejected by one lender is later funded by ...
Industrywide originations dip 1% amid affordability challenges
Affordability and inflation headwinds that affected origination volumes at the end of 2023 continued to pose challenges for auto players ...
Lower credit tiers key to EV growth
Prime consumers have dominated electric vehicle purchases and financing, but for adoption to reach OEM benchmarks, near-prime and subprime consumers ...
After student loan payments restart, 1.4 million Americans risk defaulting on debt
The resumption of federal student loan payments will likely cause a spike in delinquencies on all kinds of household credit, ...
Auto industry fraud exposure stands at $1.8B
Synthetic identity fraud exposure in the auto finance industry reached an all-time high in the first half of the year, ...
