CPS application volume jumps 16% from yearend
LAS VEGAS — Subprime lender Consumer Portfolio Services’ application volume is up nearly 16% compared with yearend 2023 despite a…
Camping World F&I revenue up 7.2% year over year
Camping World’s finance and insurance revenue increased year over year in the second quarter as new-RV unit sales increased and…
HDFS originations down 4%
Harley-Davidson Financial Services’ retail originations declined year over year in the second quarter while credit losses fell and retail sales…
Auto outstandings near $1.8T, Toyota Financial Services in top spot (Big Wheels)
Industrywide auto loan and lease outstandings totaled about $1.78 trillion at yearend 2024, with Toyota Financial Services retaining its top…
Fintech originations up 12.4% to $454M
Fintechs picked up auto origination volume but continue to represent a small share of the market as industrywide loan and…
Biden to hike tariffs on China EVs and offer solar exclusions
President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week,…
Consumers optimistic in face of inflation, interest rates
Auto consumers are fairly optimistic about the market despite indicating that inflation and interest rates are top concerns. Approximately 55%…
Capital One originations tumble, delinquencies rise
Capital One Auto Finance’s origination volume declined in the fourth quarter following a ramp-up in auto lending during the second…
Credit tightening contributes to subprime market shrink
Subprime market share continued to decline across total new- and used-auto loans in the fourth quarter as subprime lenders have…
Fed holds rates, sees slower growth and higher inflation
Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for slower…
Tricolor bondholders seek to subpoena JPMorgan Chase, Fifth Third
A group of Tricolor bondholders has requested to subpoena JPMorgan Chase and Fifth Third Bank to learn whether they had…
Podcast: Nonprime consumers eye gradual improvements on affordability
Near prime and nonprime consumers are seeing some relief from affordability challenges in the automotive industry following rate cuts by…
HDFS’ Flex Financing to include CPO, used units in 2025
Harley-Davidson Financial Services will add certified pre-owned and used motorcycles to its Flex Financing program in 2025. Integrating certified pre-owned…
Inside Lendbuzz’s IPO
AI-based auto lender Lendbuzz filed an initial public offering today as the company looks to increase capital markets access and…
Toyota curbs DEI policy after activist attack over LGBTQ support
Toyota Motor Corp., will refocus DEI programs and halt sponsorship of LGBTQ events, citing “a highly politicized discussion” around corporate…