Under the Hood: Low-income borrowers face payment struggle
Pandemic-era forbearance programs have run their course, putting auto loan delinquency rates — particularly for low-income borrowers — on an…
Pandemic-era forbearance programs have run their course, putting auto loan delinquency rates — particularly for low-income borrowers — on an…
Kobalt Labs, a fintech that built an operates an AI copilot to automate compliance reviews, was crowned the winner of…
Mike Douglas will oversee Chase Auto’s commercial and retail businesses as the bank’s new head of dealer services. Effective this…
Regulators are scrutinizing practices surrounding the use of artificial intelligence and machine learning as well as aftermarket product sales, prompting…
The powersports market was challenged in July though an increase in promotions helped some dealers move inventory. Nearly 57% of…
Harley-Davidson Financial Services’ annualized retail credit losses increased in the third quarter while North American retail sales fell by double…
Stellantis NV appointed its Americas head Antonio Filosa as chief executive officer, relying on an experienced company insider to turn…
High rates and rising consumer debt levels still drive a worsening auto loan landscape. Delinquencies and losses rose across…
Ally Financial’s auto originations grew in the first quarter, driven in part by an uptick in leasing, while credit performance…
New identification requirements for vehicle registrations in Texas have prompted concerns from dealers and lenders about a potential increase in unregistered or uninsured cars on the…
Most automakers saw sales climb in July as heavy incentives and the pending elimination of the EV federal tax credit…
Used-vehicle values were flat year over year and up 1.2% month over month in November as EV prices continued to…
Automakers largely reported climbing sales in September and the third quarter as manufacturers pushed aggressive incentives and stalled tariff-induced price…
Judge Michelle Larson in a court hearing today delayed a relief from stay motion by Dallas-based lender TBK Bank that…
Leasing an EV or buying a used one offers a more affordable option in today’s challenging market, but many consumers…