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Rising Interest Rates are Exacerbating the Vehicle Affordability Problem Despite Lenders Concessions
Rising interest rates are exacerbating the vehicle affordability problem despite lenders concessions. Vehicle prices increased significantly in 2020 and 2021, driven by new vehicle shortages during the pandemic. While used vehicle prices have begun to…
New Vehicle Inventory at Two Year High
Cox Automotive’s analysis of Auto Available Inventory data showed that new-vehicle inventories reached its highest level in two years in March. The U.S. supply of unsold vehicles ended the month at 1.89 million, the highest…
Negative Equity on Vehicles is Climbing Again after a Pandemic Slump
Average negative equity on vehicle trade-ins has nearly returned to pre-covid levels. Rising used vehicle prices in 2020 and 2021 caused average negative equity to fall by a third to a low of $4,000 in…
CFPB Finalizes New Rule Expanding Data Collection Requirements for Small Business Credit Applications
On March 30, the CFPB finalized a new rule for data collection on small business credit applications. Banks, credit unions, savings associations, and other non-bank lenders will be required to collect and report demographic and…
60% of Companies Expect to Increase Marketing Budgets within the Next Year, with the Greatest Portion Dedicated to Marketing Technology
A recent survey of over 650 senior marketing leaders found that more than half plan to increase digital marketing spending over the next year. An additional 58% of respondents reported increased utilization of marketing technology…
