Pagaya streamlines underwriting, counteroffers
AI-based financier Pagaya Technologies is investing in capabilities for faster auto loan funding and counteroffers to increase conversion rates for…
New-vehicle sales projected to rise 2.3% in August
August new-vehicle sales are expected to jump as long-term demand climbs on the heels of incentives and delayed price hikes…
Insurance companies shine as sources of private credit
LAS VEGAS — Insurance companies are providing the most attractive private credit for auto finance funding today. At the Structured…
Podcast: Pagaya president speaks to fintech’s lending strategy
Pagaya Technology’s lenders are leaning on the expansion of their dealership networks for growth as credit quality worsens and credit…
Thor incentives rise 2.7%
Thor Industries increased its promotional and rebate liabilities year over year in the second quarter of fiscal 2025 as the…
Big Wheels: Captives’ portfolios grow 5.8% in 2023
Captives regained footing in auto lending at yearend 2023, rebounding from a retreat in 2022 despite elevated interest rates still…
Chase Auto takes ‘cycle-resilient’ approach to dealer relations
Auto lenders keep in regular contact with dealers, building long-term relationships to weather market uncertainty and macroeconomic headwinds. As a…
Inside Capital One’s card-based lead generator
Capital One Auto Finance is improving dealer lead generation by allowing sales associates to share available inventory and monthly payment…
Carvana originations up 35.5% YoY
Carvana’s originations jumped 35.5% year over year in the third quarter as sales increased. “We had record performance in virtually…
Compliance critical as regulators scrutinize auto pricing policies
Increased scrutiny of pricing and underwriting practices means auto lenders should closely review their portfolios, underwriting habits and pricing policies…
5 questions with … Mark Pregmon, VP of consumer lending at USAA
USAA Vice President of Consumer Lending Mark Pregmon aims to lead his team with humility and a servant leadership mindset…
Finance companies’ auto portfolios see YoY growth in 2024 (Big Wheels)
Auto finance companies’ portfolios grew in 2024 amid a stable competitive environment and some lenders’ investment in growth. Of the…
Valley National auto loan volume up 20%
Strong consumer demand contributed to an uptick in Valley National Bank’s auto book in the first quarter. The bank’s auto…
Upstart auto originations soar 533%
AI-driven lending platform Upstart’s auto originations skyrocketed 533.3% year over year in the second quarter as dealer volume rose and…
Inside OneMain’s growth, Foursight integration with CEO Douglas Shulman (Under the Hood)
While each of OneMain Financial’s three, nonprime-focused product lines offers its own growth potential, the opportunity to cross-sell and leverage…