Car loans for consumers with the worst credit, so-called subprime and deep subprime, have fallen to its lowest share of auto loans overall since 2012.
More consumers are purchasing new and used cars with auto loans, and those loans are for higher amounts and longer terms.
Car loans are at an all-time high, making it easier to obtain loans for consumers with all types of credit ratings, says Experian Automotive.
Credit unions will be looking to increase their car loan business in the next year, according to a new study by TransUnion.
The Consumer Financial Protection Bureau has proposed to extend its oversight to auto finance lenders that are not banks.
More Americans are taking on car loans and those loans are bigger than they’ve been in recent years.
More bank risk managers are predicting an increase in loan delinquencies. But this may be good news for consumers with less-than-perfect credit.
Consumers are flocking to lenders for mortgages, credit cards and auto loans.
Car lenders and the CFPB are still at odds over auto loan lending practices.
More consumers are making their payments on time, according to Experian.