Q3 vehicle sales show mixed results
Vehicle sales were mixed in the third quarter across all major manufacturers and year-over-year sales volume dipped across the largest…
Fifth Third CEO says $200 million loan fraud is ‘one-off’ issue
Fifth Third Bancorp, which said it was the victim of fraud on a loan with a $200 million balance, believes…
Lendbuzz scores forward flow arrangement with alternative asset manager
Lendbuzz signed an additional forward flow partner this week as the lender continues to diversify its funding strategy amid targeted…
HDFS originations dip 1%, credit losses rise
Harley Davidson Financial Services’ credit losses ticked up while originations ticked down during the fourth quarter in tandem with a…
Towable values drop 5.5%
Motorhome and towable vehicle values dropped in April as the seasonal spring rush was wrapping up. Average wholesale towable values…
How double-pledging of assets to warehouse lines – an allegation levied at Tricolor – could happen
The Department of Justice is investigating Irving, Texas-based subprime auto lender and buy here, pay here retailer Tricolor for allegations…
Higher used-car prices push dealers to older vehicles
Some dealers are avoiding auctions and buying older vehicles as used-vehicle prices stay elevated. Lafayette, Ind.-based Royal Automotive Group is…
Powell flags rising risks to jobs while avoiding rate-cut timing
Federal Reserve Chair Jerome Powell said officials are increasingly wary of potential risks to the labor market from high borrowing…
Hyundai, Kia face $5 billion hit from US-Korea auto tariff deal
Hyundai Motor Co. and affiliate Kia Corp. could face as much as $5 billion in additional costs this year under…
Tesla braces for ‘rough’ quarters as US ends EV incentives
Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker’s worst stretches since it first…
Westlake offering free trial of DealerCenter amid cyberattacks
Westlake Financial Services is offering dealers a free trial to use dealer management system DealerCenter to continue operations after consecutive…
Asset-backed debt sales top $313 Billion, beating post-financial crisis record
Sales of debt backed by everything from auto loans to airplane leases to Subway franchise fees have hit their highest…
Podcast: Auto Finance Summit 2025 highlights industry strength, challenges
Auto Finance Summit 2025 shed light on how auto lenders are responding to challenges facing the wider market, including credit…
FourLeaf FCU sees 53.8% jump in auto loan origination with AI
FourLeaf Federal Credit Union is using AI to grow its auto loan portfolio, increasing originations while keeping quality lending standards. The $14 billion credit union has exceeded $1 billion in loan originations so far in…
US consumer debt rises at slower pace on drop in card balances
US consumer borrowing increased in May at the slowest pace in three months on a pullback in credit card and…