Sharing a great article from our friends at Auto Finance News…
After sifting through the latest quarterly data, one finding became clear to Satyan Merchant, who is senior vice president and automotive and mortgage business leader at TransUnion.
“Affordability remains an issue in the used-vehicle market,” Merchant said in a news
release as TransUnion shared its Q4 2023 Quarterly Credit Industry Insights Report (CIIR).
Reiterating that originations are viewed one quarter in arrears to account for reporting
lag, TransUnion reported the industry sustained a 4% year-over-year decline as booked contracts totaled 6.3 million.