FCC seeks comment on proposed AI communication disclosures
The FCC is seeking public comment on a proposed rule that aims to clarify the definition of AI-generated calls and…
December used-vehicle values up 0.1% year over year (Big Wheels)
Used-vehicle values were nearly flat year over year in December after declining for the rest of the year. The Exponential…
Built on tech: Sanjiv Yajnik, Auto Finance Executive of the Year
Capital One’s auto finance business hinges on a technology-based approach defined by dealers’ needs — two elements core to who Sanjiv Yajnik, president of…
US retail sales jump by most in two years on car-buying rush
US retail sales rose substantially in March on a jump in car purchases and other goods such as electronics, suggesting…
Big Wheels: Vehicle loan rates up in 2024
Interest rates on new- and used-vehicle loans crept down sequentially in July but remained higher than a year ago. The…
Synthetic fraud uptick leads to stolen RVs
LAS VEGAS — Synthetic fraud is revving up in the recreational vehicle space, leaving dealers at risk due to outdated…
Prestige Financial Services stops originations
Prestige Financial Services on Nov. 20 will cease originations activity, according to an email the company is circulating to dealerships and that was obtained by Auto Finance News today. The email…
Nonprime losses jump 87 basis points in November
Nonprime credit performance across securitized auto loans worsened in November as prime performance saw slight deterioration, a pattern that experts…
Asbury Auto, Group 1 F&I revenue see double-digit YoY jump
Asbury Automotive and Group 1 Automotive saw double-digit year-over-year gains in finance and insurance profits in tandem with higher fourth-quarter…
Motorhome values fall 20.4% YoY at auction
Motorhomes and towables values fell sequentially and year over year at auction in May, halting two months of sequential climbs…
Slowing EV sales growth prompts incentives, price cuts
Slowing electric vehicle sales growth has spurred an uptick in EV incentives and continued price declines. The industry hasn’t seen…
USAA melding human, AI interactions
USAA is testing ways to improve the digital experience and identify when human intervention is necessary, Scott Serpico, associate vice…
New-vehicle affordability at highest in 3 years
New-vehicle affordability improved in August to its best level since May 2021 as auto loan interest rates declined and incentives…
Pagaya closes $300M auto ABS deal, eyes diversification
Pagaya Technologies issued its first auto asset-backed securitization deal of 2025 and plans to diversify its funding sources and drive…
Tesla has Wall Street worried about how many cars it just sold
Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take…