The Rising Tide of Automotive Debt: Navigating Challenges and Opportunities

The Rising Tide of Automotive Debt: Navigating Challenges and Opportunities

The automotive debt market is facing significant changes. Recent studies show that over 85% of new cars are now financed, and according to Experian, automotive loan delinquency rates have risen from 2.9% to 3.2% over the past year. As consumer debt increases and more borrowers struggle with payments, the automotive finance industry must navigate a… Continue reading The Rising Tide of Automotive Debt: Navigating Challenges and Opportunities