Median income auto affordability declines in third quarter

Nov 25, 2011 Randy Mosteller

The auto industry has shown marked improvements in recent months, having taken a major blow from the economic downturn. As loan originations in the sector have improved, so has affordability.However, the purchase and financing of an average-priced


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Auto finance sector continues to show signs of improvement

Nov 17, 2011 Randy Mosteller

The auto financing sector continues to show improvement, having weathered a devastating recession in manufacturing and continued trouble competing with foreign markets. Earlier this week, S&P Indices and Experian reported a hike in consumer


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Default rates surge in September, excepting auto loans

Nov 01, 2011 Randy Mosteller

Consumers defaulted on more loans in September across all categories except auto financing. According to data released Tuesday by S&P Indices and Experian showed the only decrease in credit line default rates last month was for auto loans,


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Retail sales climb in September on strong auto sales

Oct 21, 2011 Randy Mosteller

Consumers may be having an easier time financing their automotive transactions, as retail sales spiked in September on a significant uptick in vehicle purchases.The U.S. Department of Commerce reported Friday that retail sales increased by


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Subprime auto loans surge in second quarter

Oct 17, 2011 Randy Mosteller

Despite continued financial woes throughout the U.S. - including high unemployment and rampant debt - financing an automobile purchase may be getting easier, even for shoppers with poor credit.New car loans for buyers with credit scores below


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