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F&I data: Captives financed more than 60% of new vehicles in Q1, Experian says
Automotive News· 5 days agoCredit unions, which controlled 17 percent of new-vehicle financing a year earlier, plunged to 9.7 percent of the new loan and lease market during the first quarter, while ...
Federal Reserve is likely to scale back plans for rate cuts because of persistent inflation
KIII Corpus Christi· 5 days agoThe Fed's rate policies typically have a significant impact on the costs of mortgages, auto loans,...
Fed keeps benchmark rate unchanged as auto dealers call interest rates an issue
Automotive News· 5 days agoThe average new-vehicle loan during the first quarter carried an interest rate of 6.73 percent, up from 6.61 percent a year earlier, according to the most recent Experian ...
Retail Sales, Housing Data on Tap in Holiday-Shortened Week
US News & World Report· 7 hours agoAfter a week with two positive reports on inflation and a signal from the Federal Reserve that an interest rate cut is likely this year, the markets and economy will take something of a breather ...
Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
San Francisco Chronicle· 5 days agoThe European Union moved Wednesday to hike tariffs, or import taxes, on electric vehicles made in...
AI’s Advent Doesn’t Spell Labor Doom and Gloom
The Dispatch via Yahoo News· 4 days agoImagine building homes with the same efficiency as the auto industry produces cars. In Sweden, the family-owned Lindbäcks construction company does just...
Inflation is easing. Why is car insurance still so expensive?
Star Tribune (Minneapolis) via Yahoo Finance· 5 days agoInflation is cooling after a hot start to 2024, but it's still higher than policymakers would like....
‘U.S. growth is exceptional’: World Bank sees America fueling the global economy in 2024
Market Watch· 4 days agoStronger-than-expected growth in the United States — the world’s biggest economy — accounted for 80%...
US inflation cooled in May in a sign that price pressures may be easing
McComb Enterprise-Journal· 9 hours agoInflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed. The trend, if it holds, could move ...
Agora Data Launches Capital Program for Small to Mid-Tier Finance Companies
Digital Journal· 6 days agoThis new program...Managing Director of Agora Data. “Agora is dedicated to fostering growth for small to mid-tier auto finance companies. Our financial solutions provide these ...