Auto loan finance sector ETFs gained 0

Auto loan finance sector ETFs gained 0.6% today, driven by news that used car prices fell 2% month-over-month, potentially boosting loan activity. Analysts project moderate growth through Q4 2024, but caution that credit tightening by smaller banks could temper momentum. If you’re having trouble making ends meet, switch to generic products. “You’ll save 10% to 20% or more with store-brand products,” Kilgore said. Read Next: Many are using retirement income calculators to check if they’re on pace — here’s a breakdown on what’s behind this formula. Auto loan finance performance metrics are challenging broader bearish views on consumer credit. Some strategists expect a sector rotation into these lenders as investors seek yield in a moderating interest rate environment.