Auto lenders must continue to improve digital contracting and financing processes as more dealers digitalize online and in-store operations.  …

Lenders have started looking more at payment-to-income ratios when making credit decisions as affordability remains a challenge, especially in nonprime…

 The IRS has made it clear that lenders and dealers must ensure customers sign contracts and make a down payment…

Finance and insurance revenue ticked up slightly in the first quarter for Sonic Automotive while floor plan interest expenses jumped…

Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts…

The percentage of outstanding auto loans with initial terms of longer than 96 months is on the rise again as…

Tesla’s lease penetration declined in the second quarter in tandem with a drop in sales and production.  The EV maker…

Does your GAP (Guaranteed Asset Protection) refund process need an overhaul? In recent years, the scrutiny surrounding GAP refunds has…

Insurance companies are investing in auto finance amid an abundance of capital and an interest in private credit investment but…

LAS VEGAS — Auto Finance News presented the 21st Annual Auto Finance Excellence Awards during a luncheon ceremony at Auto…

Castlelake LP has agreed to purchase up to $1 billion in consumer loans that were initially created by Pagaya Technologies…

Ford Motor Co. unveiled plans for a new line of budget electric vehicles in a $5 billion bid to achieve…

February’s sales increased year over year, outpacing January even as OEMs reported mixed results.  “We call January and February ‘preseason…

Chargebacks related to early cancellations of aftermarket products are squeezing already tight finance and insurance profits for dealers.  Back-end profits…

Auto tariff-related price increases are expected to hit dealer inventory this summer after OEMs delayed the hikes to drive sales.  …