Given the recent history of the American economy and, more specifically, its lending institutions, there remains some understandable trepidation from consumers.
Government regulators are moving toward potential action against auto lenders who may be guilty of discriminatory practices.
Favorable rates offered by credit unions have reportedly contributed to the record auto loans figures exhibited in the U.S. during 2013.
Consumer credit in the U.S. experienced its most significant surge in five months during October, according to a recent report by Bloomberg.
A surge in auto lending helped revitalize car sales and provided a boon the financial institutions offering them in 2013, but there are headaches that come with originations.
In its recently released January MarketPulse report, real estate industry analysis firm CoreLogic evaluated which factors most prominently shaped the mortgage financing landscape in 2013, and what consumers can expect in terms of credit availability in 2014.
Household borrowing rates increased significantly during the fourth quarter of 2013, a sign that American consumers may finally be back on their feet and that the lending environment is returning to something resembling normalcy.
The U.S. Consumer Financial Protection Bureau is being asked to provide greater detail regarding its regulatory advances on the automotive lending industry.
The U.S. Consumer Financial Protection Bureau (CFPB) is under increasing pressure to provide evidence of the alleged discrimination it has found within the auto lending market.
Financing is still the most common means of paying for a car, but auto leasing is rapidly growing in popularity.