December 13, 2017 - Industry News
Replacement demand from hurricanes Harvey and Irma should provide a temporary boost in new-vehicle demand to open 2018, but TransUnion officials said consumers will shift toward the used-vehicle market as finance sources continue to tighten credit underwriting standards.
Tags: auto finance, average finance amount, deliquencies, Subprime Financing, TransUnion
March 2, 2017 - Industry News
The firm today reported that average amounts financed for new and used reached record highs of $30,621 and $19,329, respectively. Total balances also reached a record high, although Experian observed a slowing in year-over-year growth.
Tags: auto finance, deliquencies, Experian Automotive, leasing, new-vehicle financing, used-vehicle financing
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