The average rejection rate for auto loans through October increased year over year to the highest reading since 2013.
If the incoming Trump administration eliminates $7,500 federal tax credits for electric vehicles, that would mean the end of popular leases that allow US consumers to sidestep restrictions on which EV ...
EV financing startup Tenet is streamlining its refinancing program to speed approvals in anticipation of rising demand. “It’s meant to help people take advantage of the better rates now versus a year ...
The share of nonprime consumers financing EVs rose sharply over the past year and has doubled since 2020. In the second quarter, new EV registrations in the nonprime segment, which includes near prime ...
RV dealers are leaning on new data sources to identify opportunities for increased sales in a challenged market.
Auto originations have picked up industrywide even as average payments remain elevated, while manufacturers are increasing incentives to move inventory.
Axis Auto Finance’s originations declined in the first quarter of fiscal year 2025 as credit performance worsened and the company nears a sale.
Consumer demand for auto loans fell in the third quarter as credit standards were largely unchanged. Demand weakened on a ...
Nearly three-quarters of powersport dealers reported their year-over-year sales fell in October, the eighth consecutive month ...
Lenders might soon have another tool in their arsenals to measure the creditworthiness of unbanked consumers: grocery ...