Auto Finance News’ Post

New-vehicle average transaction prices edged up slightly in June on a sequential basis but remained lower than a year ago as automakers worked to balance price pressure and #incentives.  https://hubs.ly/Q02G6NZ50 #autofinance #autoindustry

Access to auto credit worsened month over month and year over year in June, marking the third consecutive sequential decline and pointing to prevailing affordability concerns. #autofinance #affordability #autoindustry https://hubs.la/Q02G5_6J0

Ting Cui, executive director of corporate strategy at Hyundai Capital America, will give the keynote address at the Women in Auto Finance luncheon during Auto Finance Summit 2024, returning Oct. 7-9 in Las Vegas. #autofinance #autoindustry #AFS24 https://hubs.la/Q02G5JRL0

The number of motor vehicle and parts dealer establishments continued an upward trajectory in the fourth quarter of 2023 in a sign of strong consumer demand for auto finance. #autofinance #autoindustry https://hubs.la/Q02G2HJc0

North American retail recreational vehicle registrations and shipments are returning to typical patterns as registrations dip from pandemic highs but continue to climb sequentially amid normalizing demand. https://hubs.la/Q02FXY300

Federal Reserve Chair Jerome Powell said officials are increasingly wary of potential risks to the labor market from high borrowing costs as they seek more evidence inflation is slowing down. #compliance #autofinance https://hubs.la/Q02FXNdZ0

Wholesale used-vehicle values declined month over month and year over year in June as sales outpaced the volumes of a year ago. https://hubs.la/Q02FXDTT0 #autofinance #autoindustry

Fifth Third Bank faces $20M in penalties after the CFPB today issued an order alleging that the financier engaged in illegal activities related to vehicle loans and fake accounts. #compliance #autofinance #autoindustry https://hubs.la/Q02FWCLW0

Interest rates on new- and used-vehicle loans crept down sequentially in July but remained higher than a year ago.  https://hubs.la/Q02FJX9k0 #autofinance #autoindustry

June marked mixed vehicle sales and an uptick in incentives ahead of the July Fourth holiday, while the industry continues to keep an eye on impacts from cyberattacks that halted dealer operations. #autofinance #autoindustry #sales #compliance https://hubs.la/Q02FKdv40