Securitized auto loan performance deteriorating
MIAMI — Credit performance across securitized auto loans is deteriorating, particularly in the subprime sector, as consumers feel the pressure…
DEI backlash: Auto financiers respond to social pressures
Social resistance is changing some companies’ diversity, equity and inclusion strategies in a shift that is extending into the automotive…
Incentives climb 4.8% year over year
Incentive levels rose year over year in August as dealers and consumers continued to navigate pricing pressures and affordability concerns. …
RumbleOn completes sale of finance portfolio in Q1
Powersports retailer RumbleOn’s sale of the RumbleOn Finance portfolio for $17 million in January allowed the company to reduce its term…
Missing Tricolor vehicles could be valued up to $1.1B
The estimated value of tens of thousands of Tricolor Auto vehicles reportedly missing following the company’s Chapter 7 bankruptcy and…
AI, underwriting, dealer relations: 3 themes at Auto Finance Summit East
NASHVILLE — Artificial intelligence, machine learning, e-contracting and digital retailing have become core to improving customer experiences and gaining efficiencies…
IRS: Auto lenders must provide interest information with new tax deduction
Auto lenders must comply with new reporting requirements following the passage of President Donald Trump’s One Big Beautiful Bill that…
Auto 60-plus-day DQs up 4 bps
The growth rate of auto delinquencies slowed in the third quarter, while credit performance at banks may signal risk moving…
Credit access improves in May as prices steady
Credit access improved in May as consumer demand remained inflated and the pre-tariff vehicle procurement frenzy continued. The Dealertrack Credit…
Ford Motor enhances service efforts for Ford Pro dealers
Ford Motor Co. is looking to improve its commercial vehicle operations for its Ford Pro dealers through more robust service…
EV Life expands into used-EV financing
Electric vehicle fintech EV Life has launched used-EV financing as an influx of used EVs hits the market and demand…
FinBe USA launches lending programs for franchised dealers
Subprime lender FinBe USA, formerly Credito Real USA, is stepping on the gas with new lending programs for franchised dealers…
Recurring US jobless claims jump to highest since November 2021
Recurring applications for US unemployment benefits rose to the highest since November 2021, extending a sharp increase over the past…
Hyundai Capital nears 40% e-funding
Hyundai Capital is nearing 40% in e-funding as the company uses generative AI to make financial decisions more quickly. …
Used-vehicle values up 4%, EV values rise
Used-vehicle values increased year over year but dipped month over month in May following strong wholesale appreciation in April, while…