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A growing number of consumers are stretching the bounds of auto finance to afford today’s expensive vehicles, ultimately paying a higher price for the now-common scenarios.
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Over half of prospective car buyers responding to a TransUnion survey expressed intent to purchase a gas-powered vehicle this year.
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Survey finds increased concern about tariff effects on finances, potential of a recession.
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Trend was more pronounced for the segment than for property insurance.
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Volume reached near prepandemic levels in the second quarter.
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Compared to millennial cohort a decade ago, they’re tapping credit more and have higher delinquency rates, report found.
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TransUnion research finds a lack of inventory and low interest rates turned consumers away from leasing new cars and trucks over an 11-month period.
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Report shows those 60 days or more overdue reached 10-year high.
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Q3 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
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