Stimulus Checks Should Help, But Subprime Auto Loans Are At Record Lows

The recovery in U.S. auto sales is leaving behind borrowers with subprime credit, according to the latest statistics from Experian Automotive.

It’s no surprise borrowers with subprime credit are falling out of the new vehicle segment, where subprime loans typically don’t account for a large share, even in good times. LEARN MORE

CFPB rescinds abusiveness policy statement

WASHINGTON, D.C. - Experts projected that the Consumer Financial Protection Bureau (CFPB) would become more active with President Biden now in the White House.

Randy Henrick put it this way in a previous commentary: “It is reasonable to expect changes in the automobile world to be evolutionary, not revolutionary.” LEARN MORE

E-Contracting: Be Sure It's Done Correctly

As the COVID-19 pandemic clearly showed, consumers will continue to purchase new and used vehicles even in a rocky and uncertain economy. Circumstances of the pandemic, however, demanded that more of the purchase process — vehicle selection, trade-in valuation, contracting, and delivery — be done virtually. LEARN MORE