Car payments are becoming a hurdle for a growing number of lower-income Americans. That’s according to a report Monday (Oct. 20) by The New York Times, citing data from Fitch Ratings. Those figures show that the share of subprime auto loans that were 60 days or more past...
The CEO of America’s biggest bank has reportedly issued a warning regarding auto market bankruptcies. These bankruptcies, JPMorgan Chase CEO Jamie Dimon told reporters Tuesday (Oct. 14), are an indication that lending standards have become too relaxed. “We’ve had a credit bull market now for the better part of...
Long-term car loans are reportedly becoming more common and creating risks for both buyers and sellers. Six-year loans are now the most common form of new-vehicle financing, accounting for 36.1% of loans in the second quarter, Bloomberg reported Monday (Aug. 25), citing data from Edmunds.com....
Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. In response, the company’s CarMax Auto Finance (CAF) business boosted its provision for loan losses during the quarter to $101.7 million, up from $81.2 million in the same...
February 07, 2024
In all industries, what happens after the sale can be as critical as the initial transactions themselves. That includes the automotive industry, where cancellations and refunds of finance and insurance (F&I) products are part of the course of the normal lifecycle of interactions between consumers and companies. The processes are made complex — not just […]
June 11, 2018
Before the internet made car pricing transparent, a car’s value was a big unknown for the consumer. Buyers would dealer-hop, negotiate for hours and do the back-and-forth between dealers before, mostly out...
January 23, 2018
To say that the Great Recession changed consumer buying outlooks across a variety of categories is not a controversial statement so much as it is a truism. And, with the...
November 16, 2025
Record levels of late car payments is putting pressure on subprime auto lenders. That’s according to a Friday (Nov. 14) report by Bloomberg News, which said this is happening in the wake of the recent collapses of Tricolor Holdings and PrimaLend Capital Partners. The number of risky borrowers who were at least 60 days behind […]
October 20, 2025
Car payments are becoming a hurdle for a growing number of lower-income Americans. That’s according to a report Monday (Oct. 20) by The New York Times, citing data from Fitch Ratings. Those figures...
October 14, 2025
The CEO of America’s biggest bank has reportedly issued a warning regarding auto market bankruptcies. These bankruptcies, JPMorgan Chase CEO Jamie Dimon told reporters Tuesday (Oct. 14), are an indication that lending standards have...
August 25, 2025
Long-term car loans are reportedly becoming more common and creating risks for both buyers and sellers. Six-year loans are now the most common form of new-vehicle financing, accounting for 36.1%...