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Recent survey data shows that the overall demand for auto loans is down, but the demand for subprime loans is up as consumers face economic uncertainty and affordability pressures.
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A recent study suggests expectant parents are feeling the burden of bad credit more than other demographics when it comes to buying a new car.
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In this week's debrief, host Lauren Lawrence covers Ford HQ renovations, new Mercedes studios, and the state of auto loans in March.
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New-vehicle loans out of reach for many as others take on marathon terms that could put them under water.
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Credit access varied depending on vehicle, lender type, Cox says.
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Compared to millennial cohort a decade ago, they’re tapping credit more and have higher delinquency rates, report found.
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What auto retailers and lenders can do to help consumers get into a car loan they can afford.
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The company says it remains the largest auto lender as an aggregate for nearly three years.
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