Podcast: Retail POS lending is an opportunity for lenders
Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of…
Foot traffic at car dealerships bumps higher after tariff deadline
Foot traffic at automobile dealerships has increased in the wake of the Trump administration tariff deadlines, according to a monitoring…
EV maker Fisker stops production, warns it may need to seek bankruptcy
Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and…
Under the Hood: Latest deal drives CU ABS volume over $4B
First Community Credit Union has joined the growing ranks of credit union auto loan securitizers. The Houston-based financial institution issued…
Podcast: ‘Weekly Wrap’ on Q1 earnings kickoff
First-quarter earnings kicked off last week with banks reporting a decline in auto originations. Chase Auto and Wells Fargo Auto’s…
Under the Hood: Collectors mindful of financial stressors could mitigate DQs
Consumers bogged down by mounting debt face increasing financial stress which, in turn, could trigger rising delinquency rates. . And…
Tax refunds could offset rising DQs on securitized loans
Delinquencies and losses across prime and nonprime securitized auto loans rose year over year but improved sequentially in December in…
Stellantis warns tariffs will take €1.5 billion toll on earnings
Stellantis NV sees tariffs setting back earnings by about €1.5 billion ($1.7 billion) this year as higher duties hit the…
3 Strategies for Automotive Lending in a Challenging Selling Environment
Customers are increasingly skeptical when making purchases – with a constant bombardment of advertisements online, on television and on social…
Inside Tricolor’s next hearings set for Nov. 17, 18
Two milestone court hearings for Tricolor Holdings next week will decide how its trustee can continue to use funds and…
Used cars under $20K breaks from seasonal trend amid high demand
The sub-$20,000 used-car market remains hot, as affordability concerns drive demand despite December’s seasonal slowdown. In November, the average days…
Porsche Financial Services adds EVs in prime ABS deal
Porsche Financial Services issued its first prime auto asset-backed securitization deal of the year, including electric vehicles for the first…
Capital One, Discover integration could cost $2.8B
Capital One announced its plans to acquire Riverwoods, Ill.-based Discover Financial Services and expects to spend $2.8 billion on integration costs, including tech conversion. …
Lenders note shift toward used vehicles amid affordability concerns
Some lenders are seeing an uptick in used-car loans in the wake of rising new vehicle prices. Huntington Bank has…
JPMorgan remains bullish on Carvana, found ‘no red flags’
JPMorgan has reiterated its stance on Carvana following a report from short-seller Hindenburg Research that raised concerns regarding the retailer’s…