Chase Auto names Michael Cottone head of Subaru Motors Finance
Chase Auto today named Michael Cottone general manager of its Subaru Motors Finance private label captive business. Cottone has more…
Beige Book: New-car sales weighed down by EVs
New-vehicle sales were weighed down through mid-November as EV sales stalled and consumers curbed spending during the government shutdown. New-car…
Podcast: ‘Weekly Wrap’ on rising debt, tech, compliance
Higher insurance costs are exacerbating affordability and funding challenges for subprime borrowers as the auto finance industry continues to navigate…
Trade organizations tackle add-on product compliance
Refunds of add-on products following cancellations and voluntary product compliance are some of the biggest pain points facing auto lenders,…
Auto fraud losses 21 times larger than credit card losses
The auto industry continues to lose millions through synthetic identity auto fraud, as fraudsters cobble together real and fake identities….
Banks regain lead in used market with 28% of loans
Banks regained their position as the leading lender type for used vehicles in the first quarter of 2024 while captives…
CPS originations up 51.7%
Consumer Portfolio Services’ originations increased in the fourth quarter as the company looked to grow its portfolio in 2025 and…
TD to roll out anti-money laundering tools in Q3
TD Bank will roll out additional tools in 2025 to identify and remediate suspicious activity linked to money laundering after…
Wells Fargo, Westlake roll out floorplan benefits
Commercial auto lenders are offering benefits to dealers who use them for floorplan financing as inventory builds and costs rise. …
Canadian dealers face higher costs, limited floorplan options
Canadian auto dealers facing higher floorplan costs are being strategic when it comes to supply on their lots as consumers…
Fisker slashes EV prices as much as 39% in fight for survival
Fisker Inc. dramatically reduced the price of the Ocean sport utility vehicle — its only model — as the electric-car…
June motorhome values up 0.5% YoY
Mortorhome values increased while towable values fell year over year in June. Average motorhome values jumped 17.7% month over month and…
Repo assignments hit 2.1M YTD through April
Vehicle repossessions and delinquencies are increasing as consumers continue to grapple with rising costs. National repossession assignments totaled 2.1…
OneMain COO on Foursight acquisition
OneMain Financial’s completed acquisition of Foursight Capital this week will expand the lender’s dealer network and enhance its technology stack….
Digital origination volume jumps 32%
The volume of digitally originated auto loans jumped year over year in the fourth quarter, reflecting dealers’ and lenders’ efforts…