CategoryFinance Insurance

F&I data: Auto loan rejection rate in 2024 highest in at least 11 years, New York Fed says

The Federal Reserve Bank of New York headquarters building
The Federal Reserve Bank of New York, with headquarters in New York City, found 14 percent of consumers surveyed in October were rejected for an auto loan in the past 12 months, up from 9.6 percent a year earlier. (GETTY IMAGES)
Author
JH
By:
John Huetter
November 27, 2024 05:06 PM

Featured Stories

TitleTrump presidency may create ‘Roaring ’20s’ era in buy-sell market
ImageTrump presidency may create ‘Roaring ’20s’ era in buy-sell market
TitleTrump’s 25% tariff threat on Canada, Mexico imports could add thousands to vehicle prices
ImageTrump’s 25% tariff threat on Canada, Mexico imports could add thousands to vehicle prices
TitleStellantis’ top North American exec focused on regaining dealers’ trust while improving sales
ImageStellantis’ top North American exec focused on regaining dealers’ trust while improving sales
TitleHere are the fastest-charging EVs on fast and Level 2 chargers
ImageHere are the fastest-charging EVs on fast and Level 2 chargers