Auto Finance News is pleased to present The Roadmap, the podcast on best practices and trending topics in automotive lending and leasing. If you are in auto finance, this is your podcast.
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Last week, Ford Credit increased its purchase offer on outstanding debt securities to $3 billion as the industry forecasts declining vehicle sales in June, while interest rates rise and consumer sentiment and confidence decline.
Affordability concerns continue to plague the auto finance industry amid high prices and rising interest rates in a global economy marked by supply shortages and rampant inflation. Elevated prices have been compounded by interest rate increases across the industry following the Federal Reserve’s decision last week to raise its benchmark rate by 75 basis points. In this episode of the Weekly Wrap, the Auto Finance News editors discuss the top stories for the week ended June 17, and the industry news in store for the week ahead.