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July 2024 Dealertrack CAI Report: Decline in Auto Credit Availability and Its Impact on the Industry
The July 2024 Dealertrack CAI report highlights a significant decline in credit availability within the auto industry, impacting dealership operations and customer financing options. The All-Loans index continued to decrease to 92.9 in July down…
Fed Chair Powell Signals Imminent Interest Rate Cuts
Federal Reserve Chair Jerome Powell stated in his August press conference that it is time for the central bank to consider cutting interest rates, marking a significant shift in policy. The move is driven by…
Automotive Market Uncertainty Fuels Dealer Pessimism
A public survey of automotive dealer sentiment for Q2 2024 reveals a stable yet cautious outlook among auto dealers. Despite concerns stemming from a weaker-than-expected tax refund season and ongoing political and economic uncertainties, some…
Auto Loan Denials Surge as Lenders Tighten Credit
Access to auto loans continues to decline as lenders tighten credit standards due to economic uncertainty and rising delinquencies. According to the New York Fed, the denial rate for auto loans reached 14.2% in June…
Colonnade Advises Pathward Financial on the Sale of its Insurance Premium Finance Business to Honor Capital
October 31, 2024 Pathward Financial, Inc. (Nasdaq: CASH) announced that its wholly owned subsidiary Pathward®, N.A. (“Pathward”), an industry leading financial empowerment company driven by its purpose to power financial inclusion, has closed the sale…
