- Apr 23, 2021
Updated: Dec 13, 2022
(NEXSTAR) – Thinking about buying a car? Brace yourself for the price tag.
The Manheim U.S. Used Vehicle Value Index, which tracks millions of used car transactions annually, shot up to a new record high of 191.4 on Tuesday – a 52.2% increase from April of 2020.
According to the index, the “spring leap” in used car prices may not slow down any time soon. Accelerating prices and sales efficiency suggest that this trend will continue for at least the near future, a Manheim report states. LEARN MORE
- Apr 21, 2021
DURHAM, N.C. - Defaults are a bad outcome for both lenders and borrowers, and research shows that the mismatched timing between a person’s income and their bills is one of the most common reasons for these financial shortfalls.
A new behavioral science experiment conducted by Duke University’s Common Cents Lab with customers of Beneficial State Bank (BSB) shows a simple, creative way that banks can reverse this trend and reduce defaults by eliminating mismatches. LEARN MORE