Big Wheels: Higher auto credit rejection rates hamper industry
The auto finance industry’s overall performance declined in June as auto loan application rejection rates jumped. Auto Finance News’ proprietary…
The auto finance industry’s overall performance declined in June as auto loan application rejection rates jumped. Auto Finance News’ proprietary…
Capital One’s auto originations rose in the third quarter as strategic underwriting and tightening contributed to better credit performance. Auto…
Huntington Auto Finance’s originations in the fourth quarter were flat on a year-over-year basis for the second consecutive quarter while…
Auto stocks rose sequentially and year over year in November as stock performance varied among automotive lenders and retailers. …
Toyota Motor Corp.’s profit climbed in the latest quarter after a weak yen and robust demand in North America boosted…
Several banks with large auto finance portfolios faced operations disruptions following an IT outage at cybersecurity firm CrowdStrike that caused…
Powersport lenders prioritized quality leadership and innovation along with customer and dealer relationships this year in a market weighed down…
A dealership in Phoenix is handwriting paper contracts and gauging creditworthiness with guesswork. . A Jeep owner in Alabama keeps…
AutoNation Finance surpassed $1 billion in auto originations in 2024 as the captive lender continues its rapid growth. The $1.1…
Powersports lender Octane Lending has broadened its pool of capital providers through a whole loan sale with Nuveen, the investment…
Ford Motor Co. has struck a deal with Amazon.com Inc. to sell certified used cars through its e-commerce website, becoming…
Santander Consumer USA launched a new pre-qualification tool this month to dealership websites through a subscription-based digital retail tool. The…
Just four weeks into the new presidential administration, the dynamics of the auto industry are changing at a rapid pace. …
US consumer borrowing surged in November by the most in a year on a jump in credit-card balances as the…
Auto originations rose industrywide in 2024, spurred by stronger consumer demand amid improved new-vehicle incentives. Originations across the top 100…