The national average for interest rates for new- and used-vehicle loans declined in August as the Federal Reserve teased a rate cut was coming this month amid growing economic strain. The national average interest rate on a 60-month loan for used cars saw the largest decline with a 26-basis points (bps) year-over-year drop to 7.75% […] The post Used-vehicle interest rates drop 26 bps in August (Big Wheels) appeared first on Auto Finance News.| Auto Finance News
In the face of high lending fraud rates, Brad Parker urges credit unions to take advantage of the opportunities that lie in private party lending through solutions that offer enhanced cybersecurity and a better member experience.| CUSO Magazine ®
In July 2025, the Dealertrack Credit Availability Index continued its upward trend, reflecting a third consecutive month of improved credit access. The All-Loans Index rose to 98.1, up from 97.1 in June, marking a 1.0-point increase month over month. This extends the broader run of loosening credit conditions that began in late summer 2024. The … Continued The post Auto Credit Access Climbs for Third Straight Month in July, Driven by Higher Approvals and Competitive Rates appeared first on ...| Market Insights - Cox Automotive Inc.
Access to auto credit declined slightly in June as credit tightened across all channels and all lender types, according to the Dealertrack Credit Availability Index.| Cox Automotive Inc.