As Consumers' Monthly Debt Loads Increase, Auto Lenders Must Adapt to Manage Risk, Increase Originations
TransUnion(TRU) Newsfilter·2024-06-27 20:00
CHICAGO, June 27, 2024 (GLOBE NEWSWIRE) -- A new TransUnion (NYSE:TRU) study released today found that consumer affordability challenges and tighter lending restraints are impacting new vehicle originations across the auto industry. The study, Originating Auto Loans With Confidence, explored trends in auto originations, consumer savings, debt burdens and credit scores in the pandemic era, as well as in the years before and after. The study also looked at consumer performance in the auto market, particularly ...