Lenders name four underwriting focus areas in 2026
Auto lenders are eyeing data use, improved decisioning, falling interest rates and strategic growth headed into 2026 on the heels…
U.K., Australian lawmakers crack down on dealer markups (Under the Hood)
Dealer markups are taking center stage in several lawsuits that could alter the auto finance landscape overseas. The U.K. Court…
Lower ABS volume drives auto finance industry dip (Big Wheels)
Lower auto asset-backed securitization issuance contributed to a dip in the auto finance industry’s overall performance in April, offset in…
Carvana extends loan sale deal with Ally, refuting short report
Carvana Co. said it has reestablished an agreement with Ally Financial Inc. to sell the lender up to $4 billion…
Ally Financial’s originations rise 4%
Ally Financial continued to emphasize auto lending in the fourth quarter, leading to an uptick in originations driven by strong…
Capital One looks to raise the bar on technology
PLANO, Texas — Capital One Auto Finance is exploring ways to improve its dealer-facing Navigator Platform using chatbot technologies and…
Octane Lending secures $700M forward-flow deal
Powersports lender Octane Lending plans to fund originations growth after securing a forward-flow agreement with Equitable, MetLife Investment Management and…
5 questions with … Veros Credit new Chief Strategy Officer Ravi Gandhi
Growth is top of mind at Veros Credit, where Chief Strategy Officer Ravi Gandhi assumed his role on May 1….
CULA, facing captive competition, looks to branch out
Credit Union Leasing of America’s leasing share has dipped as the company’s credit union base faces increased competition from captives,…
Harley-Davidson hires Topgolf head as motorcycle maker’s CEO
Harley-Davidson Inc. appointed the head of Topgolf Artie Starrs to be its new chief executive officer, as the motorcycle manufacturer…
New-vehicle average price up 1.7% YoY (Big Wheels)
New-vehicle prices and incentives increased in October as average prices still hover near $50,000. The average transaction price (ATP)…
Robust Q4 drives 2% YoY sales growth for 2024
Sales were strong from nearly every auto manufacturer in the fourth quarter, driving up yearend sales numbers. The Seasonally Adjusted…
Asbury Auto F&I revenue down 1.4% in Q1
Asbury Automotive saw slight year-over-year declines in finance and insurance profits in the first quarter as it prepared to expand. …
CULA’s Chandler puts leasing at 40% by 2025
Auto finance executives largely expect leasing to surge over the next two years as incentives resume and supply builds, but…
Auto market ‘resilient’ amid subprime woes
LAS VEGAS — The auto market is proving resilient despite the downward trend the subprime market is experiencing amid rising…