Subprime ABS spreads widened after Tricolor bankruptcy
LAS VEGAS — Subprime auto asset-backed security spreads widened in early October in the wake of Tricolor Holdings’ Chapter 7…
US consumer sentiment sinks as tariffs drive price expectations
US consumer sentiment tumbled this month to a more than two-year low and long-term inflation expectations jumped to a 32-year…
EVs help drive 6.7% year-over-year sales jump
Strong EV and hybrid sales are contributing to an industrywide jump in new-vehicle sales. Nearly every OEM reporting November sales…
Ally Financial eyes AI-based inventory recommendations
Ally Financial is continuing to invest in technology and generative AI to offer improved car sale recommendations and inventory options…
EV price volatility challenging auto lenders
Some electric vehicles are now cheaper than they used to be, and the lower price tag comes with challenges for…
AI’s moment in auto lending: Balancing efficiency, oversight, ethical risk
Artificial intelligence is no longer a distant concept in auto lending — it’s here, embedded in workflows from loan origination…
NPA: ‘Tariffs are issue No. 1’ for manufacturers
COLUMBUS, OHIO — Potential uncertainty around how President Donald Trump’s tariffs are calculated is a top priority for powersport OEMs…
Ares looking to buy auto finance paper
LAS VEGAS — Ares Capital Corp., one of the largest investor groups in the world, is looking to buy auto…
Captive ABS issuance surpasses $10B in February
Several captive finance companies issued auto asset-backed securitization transactions in February as prime and nonprime issuance increased year over year. …
New-vehicle listings jump 52.6% YoY
The volume of new vehicles listed for sale increased year over year in May while used-vehicle listings declined. New-vehicle listings…
Octane inks $200M whole loan deal with Yieldstreet
A whole loan sale between investment company Yieldstreet and powersports lender Octane Lending marks the latest in Octane’s flurry of…
Enhancing credit approaches to boost conversion and dealer loyalty
How technology, transparency, and self-service can create a competitive edge If lenders are the heart, dealers are the arteries through…
Towable values tick up 2.9% in June
Seasonal consumer demand contributed to increased towable values in June while motorhome values normalized after an abnormal surge in May….
Podcast: Future of CFPB funding questioned
The compliance industry continues to face headwinds as funding for the Consumer Financial Protection Bureau is in jeopardy after the…
Open Lending certification volume down 8.4% year over year
Automation fintech Open Lending’s certification volume declined in the third quarter. Total certified loans, or “certs,” landed at 27,435, down…