Auto sales at robust levels as consumer confidence booms

Dec 10, 2018 Philip Burgess

Short term lenders and other auto financiers will welcome the news that small vehicle sales have been increasing steadily this year. Information recently published by Autodata Corp. indicated that compared to June 2012, car sales last month


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CEA: Consumer confidence increased in July

Dec 10, 2018 Philip Burgess

CEA: Consumer confidence increased in July

Consumer confidence has been trending upward since the end of the Great Recession, as individuals are more willing to spend and borrow from short term lending outlets and other financial institutions. Despite many Americans tightening their


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Auto lending at the center of credit spike

Dec 10, 2018 Phil Burgess

As the economy continues to rebound and Americans' consumer credit reports start to improve, lending companies could see an increase in business, as buyers look to make major purchases. In particular, the development appears to be a good sign


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Auto loan trends are changing the industry

Dec 10, 2018 Phil Burgess

Auto loan trends are changing the industry

Since the Great Recession has ended, the auto industry has seen a return to robust sales. Currently, vehicle transactions for 2013 are on pace to set records. Already, Edmunds reported that July 2013 sales topped the number of auto purchases


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Dealer markups continue to be a hot topic for auto lenders

Dec 10, 2018 Philip Burgess

For the better part of 2013, financial regulators have been scrutinizing the practice of auto dealer markups. According to law firm Dorsey & Whitney, this strategy involves dealers charging higher than average interest rates on auto loans,


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