Rise in Late Auto Loan Payments Signals Affordability Challenges in U.S. Vehicle Market
U.S. auto loan late payments are rising, driven by high vehicle prices, particularly impacting subprime borrowers. Auto industry and economic insights.
Fed Rate Cut Delays Auto Loan Impact Amid Economic Uncertainty
The Federal Reserve's recent interest rate cut is expected to ease auto loan conditions after a delay, amid current economic uncertainties and varied lender responses. November auto loan approvals increase as vehicle prices rise during holiday sales.
Ally Financial Faces Challenges with Legacy Auto Loan Losses and Credit Card Divestiture
Ally Financial's stock declined 6% due to higher losses on legacy auto loans and credit card business sell-off, highlighting portfolio management challenges.