Car buyers face financing squeeze

9 Mar

New-vehicle sales remain strong, and delinquency rates are still low. So, it's tempting to conclude that financially, consumers can keep handling those bigger auto loans, rising interest rates and higher monthly payments. But sticker shock and budget constraints could push many customers to consider other options.

90-day delinquency rate up sharply

18 Feb

The percentage of seriously delinquent auto loans reached its highest level since March 2012 recently, and the New York Fed is keeping a close eye on a recent uptick in auto loan originations to borrowers with subprime credit and an increase in delinquencies among younger buyers.

NADA tackles service tech shortage

4 Feb

Under a new program, the NADA Foundation will help would-be dealership technicians find training and supplement the recruiting efforts of other groups promoting careers in auto service.