Weekly Wrap on credit availability, used vehicles
Last week the auto finance industry entered the tail end of second-quarter earnings season as used-vehicle values depreciated for the second straight month and the unemployment rate remained strong.
Last week the auto finance industry entered the tail end of second-quarter earnings season as used-vehicle values depreciated for the second straight month and the unemployment rate remained strong. Credit Acceptance, Carvana and Solera Auto Finance posted increased origination volume in Q2 even as credit demand weakened.