Big Wheels: Loan rates continued to climb in February
Auto loan rates continued to climb in February, even as vehicle supply seems to be easing. The national average…
HDFS originations inch up 2%, credit losses rise
Harley-Davidson Financial Services’ credit losses inched up while originations increased during the first quarter in tandem with a rise in…
Santander: Middle-income Americans eye return to auto market
Consumers remain resilient despite affordability pressures, with more middle-income Americans considering a vehicle purchase than a year ago, Betty Jotanovic,…
GM Financial, Husch Blackwell talk CFPB shift
NASHVILLE, Tenn. — As the Consumer Financial Protection Bureau withdraws dozens of rules, policy statements and advisory opinions this week,…
Stellantis NV North America sales drop 20%
Stellantis NV’s sales and shipments decreased in North America during the first quarter as the company scaled back production. The…
Harley-Davidson explores $1 billion-plus sale of financing arm
Harley-Davidson Inc. is exploring options for its financing arm including a sale, which could fetch at least $1 billion, according…
Capital One VP: Synthetic identity fraud up 400% across financial services
LAS VEGAS — Auto loan fraud caused nearly $8 billion in losses last year industrywide, with applications containing synthetic identity…
E-contracted auto loan volume in ABS deals falls 55%
The volume of digitally contracted auto loans in auto asset-backed securitization transactions plummeted in the second quarter as securitization issuance…
Under the Hood: Fintech investments top $1B
Venture capitalists have pumped $1 billion of capital into auto fintechs through May, nearly double last year’s investment pace, according…
BlackSuit cybercrime gang blamed in CDK hack that roiled car dealers
A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according…
Chase Auto taps bank channels to support private label partners
Chase Auto uses ATMs, branches and digital channels as well as the bank’s own products to drive business for its…
Podcast: ‘Weekly Wrap’ discussion on sales, incentives
The return of higher supply levels is contributing to an uptick in incentives and increased new-vehicle sales projections. Incentive…
Credit union losses tied to auto fraud reach $1.2B
Falsified income, employment and identities have caused credit unions to lose millions to fraud in the past three years. Credit…
Off the lot: New opportunities in a shifting auto market
After the most challenging automobile market most have ever seen, there are signs that parts of the market are returning…
Credit union off-lease purchase volume trends higher
Consumers are buying out their leases amid higher car prices and inflated used-vehicle values. Off-lease purchasing at credit unions has…