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Federal Reserve

Younger Borrowers Falling Behind in Car Payments

Jerry research reveals their delinquency rates rival those of the financial crisis of 2008 and 2009.

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Interest Rates Stay Status Quo—For Now

Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.

Fed Continues Interest Rate Increases

Inflation-fighting series cuts further into consumers’ ability to afford purchases such as cars.

Another Interest Rate Hike Looms Large

Fed announces fourth consecutive ‘jumbo’ increase in effort to slow inflation.

Interest Rates are Steady, But Experts Ponder for How Long

Fed Chair Jerome Powell has said the committee plans to complete tapering before raising rates, and markets are targeting June as the possible date for the next rate hike.

Federal Reserve Keeps Interest Rates Steady While Accelerating the Timeline for Rate Hikes

Officials indicated they plan to raise interest rates by late 2023, a departure from their March prediction which called for no rate hikes until 2024.

Swapalease Releases Latest Figures on Lease Credit Approvals

Lease credit approvals reached 70.8% in February; Up slightly from 68% in January.

NADA Predicts 1.2% Decline in 2020 New Car Sales

The National Automobile Dealers Association estimates U.S. new vehicle sales will fall to 16.8 million units as internal and external forces reshape the auto retail industry.

Sense of Urgency Pervades Q3 Dealership Acquisitions

Kerrigan Advisors’ latest Blue Sky Report finds the pace of U.S. dealership buy/sell activity quickened in the third quarter and could accelerate further in Q4.

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Regulators Appear to Endorse Alternative Credit Scoring

A joint statement from the nation’s biggest banking regulators expressed cautious optimism toward emerging decisioning models that could generate more auto loans.

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