Powersports sales resilient in uncertain market
Motorcycle dealers and lenders are cautiously optimistic with sales rising in May before tariff-induced cost hikes have hit the industry….
Under the Hood: CFPB repository for lender offenses could spur enforcement surge
While the Consumer Financial Protection Bureau’s stated reason for its latest initiative to create a consolidated registry of lender offenses…
Buy now, pay later needs credit card-like oversight, CFPB says
Buy now, pay later lenders such as Block Inc.’s Afterpay, Affirm Holdings Inc. and Klarna Bank AB should be treated…
KBRA lowers Tricolor auto ABS ratings to default status
Kroll Bond Rating Agency downgraded ratings on dozens of classes of notes across Tricolor Auto’s asset-backed securitization deals after interest…
Lendbuzz streamlines approvals with AI
AI-driven auto lender Lendbuzz is using AI to streamline loan approvals for borrowers with thin to no credit. The Boston-based…
Capital One auto originations surge 53%
Capital One Auto Finance’s originations surged year over year in the fourth quarter of 2024 as auto delinquencies improved. Auto…
Used-vehicle values climb 1% (Big Wheels)
Used-vehicle values are climbing as demand is rising throughout the industry. Sales, however, are mixed. The Exponential Used Vehicle Index, measuring wholesale…
Mentorship spurs DEI promotion, retention
For auto finance companies looking to achieve workplace diversity, mentorship programs can be a catalyst for increasing diversity in leadership…
Fed’s preferred inflation gauges cool, reinforcing rate-cut tilt
The Federal Reserve’s preferred gauge of underlying inflation barely rose in November and trailed policymakers’ 2% target by one measure,…
US average FICO score holds steady after first-in-decade fall
The average consumer credit score in the US has steadied after its first slip in a decade. The national average…
Industrywide originations rise 1.6% YoY
Auto loan originations rose modestly in the third quarter as the industry stabilizes, with stronger growth expected in 2025. Auto…
Under the Hood: Dealer markup probe may hamstring UK market
An expansive investigation into U.K. auto finance practices dating back to 2007 could stymie market growth across the pond for…
Lucid Motors’ CEO steps down amid planned production increase
Peter Rawlinson has stepped down as Lucid Motors’ chief executive as the EV automaker plans to double production in 2025. …
Tesla lease portfolio down 12% year over year
Tesla Finance’s lease penetration and lease portfolio shrank on a year-over-year basis in the third quarter as deliveries rose. Sales…
Nonbank lenders stalled amid shifting compliance landscape
Shifting priorities within the Consumer Financial Protection Bureau, White House and FTC have changed how regulators approach consumer lending, prompting…