New-vehicle loans out of reach for many as others take on marathon terms that could put them under water.
Credit access varied depending on vehicle, lender type, Cox says.
Compared to millennial cohort a decade ago, they’re tapping credit more and have higher delinquency rates, report found.
What auto retailers and lenders can do to help consumers get into a car loan they can afford.
But average payments increased for both new and used models.
January continued three-month streak of tightening across channels.
The company says it remains the largest auto lender as an aggregate for nearly three years.
Artificial intelligence can be leveraged for faster approvals, easier underwriting, and speedier lender payments to dealers.
Consumers faced tighter conditions in the fall, though their overall outlook brightened.
Data show terms improving from the consumer standpoint, though some metrics hit record highs.