Origence Partners with Tesla to Provide Credit Union Financing to Electric Vehicle Buyers
Origence and Tesla announce a partnership to offer credit union financing to EV buyers through the Tesla website…
Sopra Banking Software Extends Its Auto Financing Offerings to Local and Regional U.S. Banks and Credit Unions
Sopra Banking Software (SBS), a technology partner to over 1,500 financial institutions worldwide, and…
Navy Federal Credit Union Auto Lending Tops its 2022 Score for Overall Satisfaction
Navy Federal Credit Union announced today it received a high score in the J.D. Power 2023 U.S. Consumer Financing…
Special report from S&P Global Mobility: Auto-finance delinquencies rise past Great Recession peak, but…
The surge is concentrated primarily in subprime, with remaining categories remaining near historic norms. Tightening credit means recent-vintage loans should stabilize the market.
In Search of Lower Interest Rates, Some New Vehicle Shoppers Opted for Shorter Loan Terms in Q1 2023
According to Experian’s State of the Automotive Finance Market Report: Q1 2023, to offset rising interest rates, some vehicle shoppers opted for shorter term loans in the first quarter of 2023.
One in 4 Vehicles Financed by Credit Unions in Q4 2022, as Consumers Search for Lower Interest Rates
In the fourth quarter of 2022, credit unions held the largest percentage of the vehicle finance market, for the first time. According to Experian’s State of the Automotive Finance Market Report: Q4 2022