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June’s loosening follows spring banking crisis, though access is still tighter year-over-year and compared to prepandemic.
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Extending credit to high-risk customers is harder, but there are ways to get those customers into loans.
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The category grabs greater share of market as consumers look to save money in challenging financial conditions.
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Interest rates will continue climb, eating into inventory improvements’ effect.
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The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.
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Report shows car loan amounts, down payments rising along with interest rates.
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Agency alleged that 8 dealerships charged illegal junk fees, discriminated against black buyers.
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Fed announces fourth consecutive ‘jumbo’ increase in effort to slow inflation.
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CEO acknowledges that greater market woes may be on the horizon.
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While it’s a good sign that approval percentages continue to climb, we are still far below the levels we saw before the pandemic.
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