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Former Tricolor CEO Daniel Chu ‘largely responsible’ for Tricolor fraud, trustee says
Former Tricolor Chief Executive Daniel Chu’s motion seeking sole use of Tricolor’s $15 million insurance designed to fund legal defenses...
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Bank auto finance share jumps to 28.9%
Amid a pullback in captive-led incentives and newly established relationships with manufacturers, banks saw the largest market share growth for...
Longer-term refis pushing effective auto finance terms past 90 months
The total time consumers are in auto loans is lengthening as refinance picks up with terms longer than 65 months. ...
KBRA lowers Tricolor auto ABS ratings to default status
Kroll Bond Rating Agency downgraded ratings on dozens of classes of notes across Tricolor Auto’s asset-backed securitization deals after interest...
Longer term auto loans gain traction again
The percentage of outstanding auto loans with initial terms of longer than 96 months is on the rise again as...
Podcast: EV sales slow in November, used-vehicle values flat
Electric vehicle sales declined at most major manufacturers in November on the heels of an uptick in EV share of...
Auto rejections reach second-highest rate recorded in October (Big Wheels)
Auto loan rejection rates soared to the second-highest percentage recorded for October in more than a decade amid rising consumer...
OEMs see EV sales plummet in November, ICE ticks down
Electric vehicle sales plummeted in November as consumers pulled back spending in the wake of fewer EV-specific incentives. Ford Motor’s...
Used-vehicle prices flat, sentiment improving
Used-vehicle values were flat year over year and up 1.2% month over month in November as EV prices continued to...
