Recent Posts

Auto loan forbearance levels off in June, TransUnion says

Automotive loans in forbearance stayed relatively steady in June compared with record-setting growth in April and May, credit bureau TransUnion said last week. Flattening forbearance figures could be a subtle sign of improvement, but it likely represents a shuffling of impacted consumers. Auto accounts in financial hardship — defined by …

Read More »

Average Age of Vehicles on the Road is Approaching 12 Years

A study from IHS Markit found that the average age of vehicles on the road rose to 11.9 years this year, one month older than in 2019. Fewer new-vehicle purchases as a result of the pandemic coupled with vehicles lasting longer and increases in prices have pushed the average age …

Read More »