Payments for used auto loans have passed a key level – TheStreet | CarTailz

Buying a used car remains expensive even as supply chain bottlenecks have eased, pushing the average loan amount to $28,506. Consumers continue to rely heavily on financing to buy their car, and the average loan amount increased 8.59% year over year, according to credit rating company Experian. There are still a few rays of hope. … Read more

No break for Carvana, the “Amazon of used cars” – TheStreet | CarTailz

Concerns are mounting about Carvana, the “Amazon of used cars”. The online car dealership has been an investor darling during the pandemic. They welcomed the new economy that wanted consumers to buy everything online: groceries, office equipment, transport tickets, meals, clothes, houses and cars. Carvana (CVNA) – Get a free report was a pioneer in … Read more

Carvana, the "amazon for used cars," Expresses Serious Concerns – TheStreet | CarTailz

Concerns are mounting about Carvana, the “Amazon of used cars”. The company has been an investor darling during the pandemic. They welcomed the new economy that wanted consumers to buy everything online: groceries, office equipment, transport tickets, meals, clothes, houses and cars. Carvana (CVNA) – Get a free report was a pioneer in the new … Read more

Used car market heats up at the end of the year – TheStreet | CarTailz

The year 2022 will go down as one of the strangest for the US used car industry. Consider that used cars manufactured in the early 1970’s have a higher average price than vehicles manufactured in the last few years, or that the average price of a used car with less than $75,000 mileage is nearly … Read more

Used car market heats up at the end of the year – TheStreet | CarTailz

The year 2022 will go down as one of the strangest for the US used car industry. Consider that used cars manufactured in the early 1970’s have a higher average price than vehicles manufactured in the last few years, or that the average price of a used car with less than $75,000 mileage is nearly … Read more

Buying These Cars Makes You Lose Money Faster – TheStreet | CarTailz

Every car buyer has heard the old adage that once a new vehicle drives off the dealership, it loses 50% in value. That’s far from true, but as with many old saws, there’s a grain of truth in the comment, as new cars depreciate in value once they hit the open road, and that depreciation … Read more

Tricolor Named Auto Finance Excellence Award Winner – GlobeNewswire | CarTailz

DALLAS, Oct. 31, 2022 (GLOBE NEWSWIRE) — Tricolor announced today that it has been named a winner of the Auto Finance Excellence Award for Community Service in recognition of its pioneering success in expanding physical and financial mobility for underserved Hispanics. Tricolor was honored at the Auto Finance Summit in Las Vegas last week. Over … Read more

Auto Loan Arrears Rising, But Consumers Continue to Value Such Loans Highly – GlobeNewswire | CarTailz

CHICAGO, Oct. 17, 2022 (GLOBE NEWSWIRE) — Lower inventories, higher prices and lower demand, among other factors, are central to some of the changing dynamics in the auto finance market, leading to an increase in auto loan default rates. A new study from TransUnion (NYSE: TRU) “A Critical Eye on Auto Performance,” found that despite … Read more

iLending Industry Insights – State of the Auto/Auto Loan Refinance – GlobeNewswire | CarTailz

ENGLEWOOD, CO, Aug. 15, 2022 (GLOBE NEWSWIRE) — iLending, a national leader in auto loan refinancing, is pleased to announce our first report on the state of the auto loan refinancing industry. This new offering is published quarterly and is based on our internal data combined with industry and consumer information. The intent of the … Read more

iLending Industry Insights – State of the Auto/Auto Loan Refinance – GlobeNewswire | CarTailz

ENGLEWOOD, CO, Aug. 15, 2022 (GLOBE NEWSWIRE) — iLending, a national leader in automotive refinancing, is pleased to announce our first report on the state of the auto loan refinancing industry. This new offering is published quarterly and is based on our internal data combined with industry and consumer information. The intent of the publication … Read more