Weekly Wrap on sliding car sales, affordability
As elevated vehicle prices and rising interest rates begin to deter consumers from purchasing new vehicles, there is a growing need for lenders to both expand their businesses and address affordability concerns.
Solera, a Westlake, Texas-based vehicle lifecycle management solution provider, has partnered with fintech DigniFi to allow consumers to finance between $350 and $7,500 for vehicle repairs and maintenance.
Affordability is becoming a growing concern in the automotive industry in the face of a looming recession. In fact, economists at analytics company S&P Global last week increased the chance of a recession to 40% over the next 12 months.
Affordability is becoming a growing concern in the automotive industry in the face of a looming recession. In fact, economists at analytics company S&P Global last week increased the chance of a recession to 40% over the next 12 months.