subprime - Pinnacle Dealer Solutions

THIS IS HUGE — U.S. House Votes To Curb CFPB Lending Guidance

11MayOctober 26, 2018 By Bridget Houston

Good to see common sense reform for Automotive Dealers, THIS IS HUGE! Check out this article for my information. We can help your dealership with our real-world solutions from F&I Training to Compliance checks. Email us at info@pinnacledealersoultions.net Let’s Connect! Twitter: https://twitter.com/pinnacledealers Facebook: https://www.facebook.com/pinnacledealersolutions/ Linked In: https://www.linkedin.com/company-beta/12897853/ Website: https://pinnacledealersolutions.net/staging/7467 How can we find you?

2018 New Vehicle Sales Forecast

15Jan By Bridget Houston

New vehicles sales are projected to fall just below 17 million in 2018. Edmunds projected 16.8 million. Cox came in slightly lower at 16.7 million in New vehicle sales. Due to new tax plan, households are expected to have more take home pay which may equate to more trucks, luxury vehicles & SUVs. Hybrid &…

Subprime in 2018

01Jan By Bridget Houston

Automotive loan balances expected to continue to grow in 2018. Serious delinquencies are also on the rise. The shift in lending toward lower risk consumers will help cushion the market over the next few quarters. Read below for the full report. TransUnion: Subprime Pullback to Continue in 2018 We can help your dealership with our…

Subprime Near-Record Low in Q2

21OctDecember 1, 2017 By Bridget Houston

Automotive loans hit a record high in the second quarter of $1.1 trillion while subprime hits near-record low. Deep subprime hit a record low of 3.45%. What do you think? Will these trends continue or will lenders loosen the reigns? Subprime Pullback Continues in Q2 by Melinda Zabritski We can help your dealership with our real-world…

Subprime Market Slow Down

04AugAugust 4, 2017 By Bridget Houston

The Subprime market has been at the center of a lot of conversations lately & with good reason. Due to higher numbers of delinquencies, subprime lending reached a 10 year low. Now 30 day delinquencies are lower. Are these finance sources are going to continue to tighten the reigns? Or are current healthier delinquency numbers…