July 21, 2024
News

Podcast Recap: Loan Production and Inflationary Pressures

The car finance sector is displaying slight improvements in affordability and loan production, although concerns persist regarding worsening credit performance and inflationary pressures. Total car loans remained steady above $1.5 trillion in the first quarter, decreasing by 0.2% compared to the previous quarter but increasing by 2.4% year over year. Access to car loans deteriorated for the second consecutive month…

FAQ

Q: What are the current trends in the auto finance industry?

A: The industry is experiencing slight improvements in affordability and loan production, but credit performance and inflationary pressures remain areas of concern.

Conclusion

In conclusion, the auto finance industry is undergoing some positive changes in terms of affordability and loan production. However, challenges such as worsening credit performance and inflationary pressures continue to be significant issues.

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