Cox Automotive reported that auto credit became more accessible in October across all channels and most lender types. Cox stated that October was the third month in a row of improvement, though credit remains less…

Whillet, a finance startup company, announced that it is rolling out an instant payment plan platform in the U.S. in collaboration with Visa. Whillet’s Instant Payment Platform uses VisaDirect’s real-time payment capabilities to make used…

Cox Automotive reported that U.S. electric vehicle sales grew to over 300,000 in September, a monthly record.  Cox also forecasts that the total number of electric vehicles sold this year will pass one million before…

According to Fitch Ratings, the percentage of subprime auto borrowers who were at least 60 days past due on their auto loans rose to 6.11% in September, the highest since 1994. Millions of subprime car…

The percentage of auto loans financed at zero percent fell to just 1.1% in Q3 2023, down significantly from a high of 24.2% during that pandemic. According to Edmunds, for the three years before the…