Overall, the data shows encouraging signs for the automotive finance market.
CULA posted its 9th consecutive record month, with more leases processed in May and June than in any other months in its history.
Finance industry veteran brings decades of dealer-focused experience to the management role.
Credit unions ramping up their abilities to serve their customers digitally is playing an ever-increasing role in satisfying auto-lead and auto-loan origination for their dealership partners.
Overall, the automotive finance market has remained resilient, despite the pandemic. Staying close to the data will help lenders ensure they have the right options available to fit consumers’ needs and budgets.
While many SUV brands decrease lease payments, others increase monthly rates after the New Year to meet the segment average.
MUSA Auto Finance announced its plans to expand both new and used car leasing nationwide through a partnership with two large U.S. financial institutions working together toward securitization.
The average loan amount for a new vehicle jumps $4,000; however, the average monthly payment remains steady.
For 16 years, the program has recognized the industry’s best vendors, suppliers, and finance partners.
Synthetic identity fraud is incredibly costly and difficult to detect. Expert explains why your dealership is at risk and why a multilayered defense works best.
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