The Average Amount Financed for New and Used Vehicles Decreased in Q3 2023, Demonstrating a Positive Sign for Automotive Shoppers
Experian report shows average monthly payments remain stable amid rising interest rates
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.
Auto Link Introduces Side-by-Side Payment Comparisons for AFG Balloon Loan Program
Auto Link has unveiled an enhanced integration for Auto Financial Group clients.
Auto Link Introduces Side-by-Side Payment Comparisons for AFG Balloon Loan Program Read More »
Open Lending Extends Program to Older Vehicles to Support Today’s Car Buyer
With the average age of vehicles financed jumping from 5.4 to 6.4 years for FICO scores below 640, vehicle age expansion enables auto loan growth in an uncertain market
Open Lending Extends Program to Older Vehicles to Support Today’s Car Buyer Read More »
Wescom Rings in the New Year by Launching a Special Green Vehicle Loan Discount
Southern California-based Wescom Credit Union has announced a Green Vehicle Loan discount for the purchase or refinance of a qualifying electric or hybrid vehicle.
Wescom Rings in the New Year by Launching a Special Green Vehicle Loan Discount Read More »
Open Lending Research Exposes Opportunity for Automobile Lenders
Open Lending Corporation an industry trailblazer in lending enablement and analytics solutions for financial institutions, has completed a survey on vehicle accessibility and consumer perception in the U.S
Open Lending Research Exposes Opportunity for Automobile Lenders Read More »
Teachers Federal Credit Union Joins Carsaver to Help Members Buy, Finance and Insure Cars Online
CarSaver announced today that Teachers Federal Credit Union (Teachers) – one of the largest credit unions in the United States with $8.8 billion in assets and more than 420,000 members – has joined
Car Sales Projected Down, CU Market Share Up
TrueCar expects total new vehicle industry sales to reach 1,166,569 units in June 2022, down 14% from a year ago. But credit unions are still growing market share!
Car Sales Projected Down, CU Market Share Up Read More »
Auto Link Releases Virtual Car Sale Technology for Credit Unions
Auto Link, a leading financial technology and marketing company serving over 175 financial institutions, today released technology for credit unions to allow them to host virtual car sales for their members featuring partner dealers.
Auto Link Releases Virtual Car Sale Technology for Credit Unions Read More »
TrueCar Acquires Digital Motors, an Automotive Retail and Financial Technology Platform
TrueCar, Inc. the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced its acquisition of Irvine, California based Digital Motors
TrueCar Acquires Digital Motors, an Automotive Retail and Financial Technology Platform Read More »