Tenet to revamp refi system as applications soar 900% YoY
EV financing startup Tenet is streamlining its refinancing program to speed approvals in anticipation of rising demand. Tenet introduced EV…
Layoffs from Trump tariffs ripple across the auto-parts Industry
Elena Morales, the president of SMT Automation, had been preparing for a big year at the tiny Michigan maker of…
Motorhome values drop 3.2%
Motorhome and towable values dipped year over year in December while auction volume declined as dealers held off on acquiring…
Subprime lenders eye ‘AI for good’ amid tariff headwinds
PLANO, Texas — Subprime auto lenders are prioritizing technology investments and preparing for potential slowdowns to weather macroeconomic headwinds. Focusing…
Big Wheels: Auto Finance News launches API
Auto Finance News is pleased to launch an API that provides structured access to the datasets behind Big Wheels’ data…
Motorhome, towable values rise sequentially
Motorhome and towable values ticked up in March, marking the first simultaneous increase in both segments since May 2023. …
Podcast: ‘Weekly Wrap’ on Auto Finance Summit East 2024
Gaining operational efficiencies through artificial intelligence, navigating a challenging EV market and embracing the return of leasing were top themes…
AutoNation Finance issues first ABS deal at $700M
AutoNation Finance on May 21 issued its inaugural auto asset-backed securitization deal, a $700 million transaction backed by prime auto…
Podcast: ‘Weekly Wrap’ on credit tightening, performance
The auto finance industry continues to face a tightened credit environment, worsening credit performance and recoveries, and shrinking subprime market…
Auto delinquencies rise 88 bps across securitized nonprime loans
Early-stage delinquencies rose across prime and nonprime securitized auto loans in October, while net losses improved, and auto asset-backed securitization…
Auto origination volume varied across banks in Q4
Origination volumes in the fourth quarter were mixed across the banks that reported auto lending metrics as some institutions tightened…
CDK tells customers dealer system likely down until June 30
Car dealerships crippled by a cyberattack on software provider CDK Global probably won’t have their systems restored until the end…
Subprime lender PrimaLend’s unpaid creditors eye bankruptcy push
Creditors of PrimaLend, which provides financing to auto dealerships that cater to subprime borrowers, are weighing pushing the firm into…
America’s Car-Mart originations dip 3.3% YoY
America’s Car-Mart employed enhanced underwriting standards across nearly 72% of its portfolio in the first quarter as the retailer focused…
Capital One’s tech stack drives growth opportunities
Capital One Auto Finance is using its enhanced underwriting technology to tap into opportunities to grow originations and meet market…