Auto Finance News

May new-vehicle sales struggle but show signs of rebound

Retail new-vehicle sales in May are projected to fall 21% compared with the same prior-year period, dropping to 1.08 million units, according to data released today from TrueCar ALG. Total SAAR is expected to decrease...

Joey Pizzolato
May 26, 2020

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Coronavirus

May new-vehicle sales struggle but show signs of rebound

Joey Pizzolato
May 26, 2020

Nissan, Renault need alliance more than ever to survive pandemic

Bloomberg News
May 25, 2020

The Weekly Wrap: Navigating the road less traveled [Video]

Joey Pizzolato
May 22, 2020

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Sales & Marketing

May new-vehicle sales struggle but show signs of rebound

Joey Pizzolato
May 26, 2020

JD Power: Long-term loans doubled from last year

Joey Pizzolato
May 14, 2020

Can leases cure the carbuying market?

Marcie Belles
May 14, 2020

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Subscription service advantages amid COVID-19 [Webinar]

Nicole Casperson
May 26, 2020

Keep your regulatory health in check

Emily Honsa Hicks & Brian Fink
May 18, 2020

Byrider offers incentives to first responders

Joey Pizzolato
May 12, 2020

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The Weekly Wrap: Navigating the road less traveled [Video]

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From Our Partners

CECL delay opens window of opportunity for strategic risk process improvements

Wolters Kluwer Financial Services
April 29, 2020

Aclaró expands into prime auto lending market

Aclaro
October 24, 2019

State of the subprime auto lending market

Aclaro
October 22, 2019

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Hertz creditor talks reach impasse ahead of Friday deadline

Hertz Global Holdings Inc. has been at loggerheads with a key group of creditors with time running out to cut a deal that addresses missed debt payments, according to people...

Bloomberg News
May 22, 2020
Bloomberg, Capital Markets, Risk Management

Santander injects $480M into ABS market

Santander Consumer USA is bringing $480.8 million of subprime auto loans to the asset-backed securitization market in a deal expected to close May 29, according to an S&P Global Ratings...

Consumer financial hardship soars in April

The number of consumers considered to be in “financial hardship,” or 30 days past due on their auto loans, spiked in April, rising to 3.54% of total outstanding auto loans,...

Auto industry firms raise $155 billion to weather virus pandemic

Automotive industry borrowers have raised $155 billion amid the coronavirus outbreak as the pandemic shutters showrooms and factories. Companies worldwide have been drawing down on existing credit lines and seeking...

Americans again file by the millions for unemployment benefits

Millions more Americans applied for unemployment benefits last week, indicating major job losses are continuing two months after the coronavirus pandemic started shuttering businesses. Initial jobless claims for regular state...

Bubbling Up: The rise of fraud in the COVID-19 economy [Feature]

Instances of detectable auto fraud and cybersecurity breaches are likely to bubble up amid declining vehicle sales as the COVID-19 crisis forces dealerships to shift their focus to online sales,...

Letter from the Auto Finance Summit Chairman

Dear Community Member, Since 2001, the Auto Finance Summit has focused on delivering on one promise: to bring the industry together. That is why it is particularly painful for us...

SCUSA settles predatory lending suit dating back a decade

Santander Consumer USA has settled a lawsuit leveled by 33 states and the District of Columbia alleging that the subprime lender engaged in “predatory lending” dating back to 2010, by...

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