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autofinancenews
4 天
CFPB says servicemembers pay more for auto loans
U.S. service members allegedly pay more for auto loans than civilian borrowers, according to a Consumer Financial Protection ...
autofinancenews
2 天
CACC originations rise 0.3%
CACC's originations and number of active dealers rose in the fourth quarter as the subprime lender’s used-vehicle market ...
autofinancenews
4 天
AI task force report: Implications for auto finance and AI fintechs
The Bipartisan House Task Force on Artificial Intelligence released a report outlining 66 key findings to guide AI innovation ...
autofinancenews
5 天
Polaris Q4 sales drop 23% as shipments fall 33%
Polaris’ sales remained sluggish in the fourth quarter amid continued efforts to reduce yearend shipments. Fourth-quarter ...
autofinancenews
4 天
U.S. Bank names Gunjan Kedia CEO
U.S. Bank has named Gunjan Kedia chief executive, effective April 15. Kedia will succeed CEO Andy Cecere, who will serve as ...
autofinancenews
3 天
Wells Fargo ends 2022 CFPB consent order
Wells Fargo has ended a 2022 consent order with the Consumer Financial Protection Bureau that targeted the bank’s auto loan ...
autofinancenews
3 天
25% of used-car buyers in negative equity position
Some auto consumers faced negative equity in 2024, but many had strong or stable equity positions that offset challenges in ...
autofinancenews
4 天
Auto loan rates continue slow decline as Fed cuts set in (Big Wheels)
Auto loan rates for both new and used vehicles declined year over year in January, driven by the gradual impact of three ...
autofinancenews
5 天
U.S. appeals court strikes down FTC’s CARS rule
A U.S. appeals court struck down the FTC’s rule aimed at cracking down on unfair and deceptive practices tied to dealers’ ...
autofinancenews
3 天
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 ...
autofinancenews
2 天
Managing inventory key to 2025 success for dealers
Managing inventory will be key to driving profit and loyalty as dealers struggle for better margins in 2025. Dealer margins are likely to be challenged again in 2025 as the market works through a ...
autofinancenews
2 天
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 used inventory.
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