Englewood CO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- iLending, a national leader in automotive refinancing, is pleased to announce the third installment of our report on the State of the Car Loan Refinance Industry. Published quarterly, these insights are based on our internal data coupled with industry and consumer information. The intent of the publication is to provide meaningful insight for those interested in the auto loan refinance market, as well as for consumers that may be considering refinancing their existing auto.
Since our last Insights publication in November, we have seen improvement in new car inventories and stabilized or reduced pricing for the Used Car marketplace. Inflation and historically high-interest rates persist, continuing to put pressure on the consumer and the auto industry overall. At the end of 2022, there was a tapering of appetite from lenders seeking to add auto loans to their balance sheet despite consumer demand continu…