Top News

Federal Reserve

1  -  11  of  11

July 5, 2018 - Industry News

Edmunds: Stage Set for Market Contraction

June’s annual percentage rate of 5.82% marked a 17% increase since January 2018. Add rising rates to a virtually saturated U.S. market, record-high vehicle prices, and historically high numbers of people who owe more than their cars are worth, and the stage is set for a market contraction, the firm said.

Tags: Edmunds, Federal Reserve, interest rates, negative equity, new-vehicle sales, SAAR, used-vehicle sales

June 14, 2018 - Industry News

Fed Reserve Approves Second Rate Hike of 2018

FOMC Chairman Powell answers a reporter's question at the June 13, 2018 press conference.

For the seventh time since 2015, the Federal Reserve increased the Federal Funds Rate a quarter percentage. Cox Automotive economists say higher interest rates and tighter credit have already led to softening retail demand, noting that further rate increases will impact all corners of the car business.

Tags: auto finance, Federal Reserve, interest rates, Jerome Powell

May 3, 2018 - Industry News

Federal Reserve Keeps Rates Steady

The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75%, but it hinted at a possible rate hike in June.

Tags: Federal Reserve, interest rates

March 5, 2018 - Industry News

Auto Loan Interest Rates Soar to Eight-Year High

Edmunds analysts say the industry is beginning to see the trickle-down effect from the rate increases happening at the federal level. February's annual percentage rate on new finance vehicles was expected to average 5.2%, up from 4.9% in the year-ago period.

Tags: auto finance, Edmunds, Federal Reserve, interest rates

December 14, 2017 - Industry News

Fed Reserve Raises Interest Rates

One industry analyst said the quarter-point hike will result in new-vehicle sales dropping below 17 million units in 2018, noting that the Fed Reserve’s previous three increases are responsible for fewer new leases and this year’s shift from new to used.

Tags: auto finance, auto loan, F&I office, Federal Reserve, interest rates

March 16, 2017 - Industry News

Fed Raises Interest Rates a Quarter Point

The Federal Open Market Committee (FOMC) voted 9-1 on March 15 to raise the target range for the federal funds rate by a quarter percentage point to 0.75% to 1% — a move that was widely expected.

Tags: Federal Reserve, interest rates, Monthly Payments

September 22, 2016 - Industry News

Fed Leaves Rates Unchanged

While the industry welcomed the Fed’s 7-3 decision not to raise interest rates a quarter point, market watchers say even a full percentage-point increase wouldn’t impact the current pace of auto sales. The Fed is still expected to raise rates a quarter point by the end of the year.

Tags: auto finance, F&I manager, Federal Reserve, interest rates

December 29, 2015 - Industry News

AFIP Issues Guidance on Reg. Z and M Dollar Thresholds for 2016

The FRB and CFPB announced on Nov. 25 that 2016 dollar thresholds for Reg. Z and M exemptions will remain unchanged from 2015. The AFIP says the accepted practice for processing transactions above the threshold will also remain unchanged.

Tags: AFIP, Association of Finance and Insurance Professionals, CFPB, Consumer Leasing Act, Federal Reserve, Regulation M, Regulation Z, Truth in Lending Act

December 16, 2015 - Industry News

Industry Analysts Discuss Rate Hike's Impact on Vehicle Sales

Photo courtesy of Federal Reserve Flickr. 

The Federal Reserve voted unanimously today to increase its target funds rate by a modest quarter point. One market research firm believes that could cut into sales by 150,000 units.

Tags: Cox Automotive, Federal Reserve, interest rates, JD Power, Kelley Blue Book, new-vehicle sales, Vehicle Sales

February 18, 2014 - Industry News

Federal Reserve Investigating CFPB’s Bloated Renovation Costs

The Federal Reserve is looking into costs associated with the Consumer Financial Protection Bureau's renovation of its headquarters, which have ballooned to three times the original estimate.

Tags: CFPB, Federal Reserve

September 12, 2013 - Industry News

DOJ Settles Rate Discrimination Suit Against Calif. Dealer

The U.S. Department of Justice settled a lawsuit filed against the former Union Mitsubishi of Los Angeles. The suit claimed the dealer charged non-Asian customers higher interest rate markups.

Tags: Equal Credit Opportunity Act, Federal Reserve, Mitsubishi

« Previous1Next »