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Earnings

Wells Fargo Auto originations up 52% year over year

January 15, 2025

Wells Fargo Auto’s origination volume increased year over year in the fourth quarter, marking the first quarter of YoY origination...

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POWERSPORTS FINANCE

Powersports Finance News

ThunderRoad Financial eyes $100M in 2025 deals

January 9, 2025

THOR inks deal for Starlink internet in RVs

Powersports Finance News

Inside Octane’s inaugural RV, marine securitization

January 3, 2025

TECHNOLOGY

Spotlight

How USAA is investing in tech to speed the loan process

January 15, 2025

Technology

NMAC eyes completion of receivables system in FY 2025

January 8, 2025

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Dealers shift focus to F&I as front-end margins decline

byJames Van Bramer

January 14, 2025

Auto dealers have refocused on increasing finance and insurance profits as front-end margins have declined from pandemic-era peaks. Front-end margins...

JPMorgan Chase names Piepszak COO

byAsh Savage

January 14, 2025

JPMorgan Chase today promoted Jennifer Piepszak to chief operating officer. Jennifer Piepszak Piepszak, who has been serving as co-CEO of...

Ford Motor Co. Focus compact vehicles sit on display on the lot of the Sutton Ford car dealership in Matteson, Illinois, U.S., on Friday, Oct. 30, 2015.

Uptick in auto refinance could hurt dealers’ F&I profits

byJames Van Bramer

January 13, 2025

As interest rates ease from record highs, increased auto refinancing could cut into finance and insurance profits for dealers. Dealers...

The Consumer Financial Protection Bureau Headquarters

Consumers misclassify issues in new CFPB complaint category

byMarcie Belles

January 13, 2025

A newly created category in the Consumer Financial Protection Bureau’s complaint database generated nearly 3,000 grievances last year, 23% of...

Damaged cars after being bulldozed out of the way to provide access for firefighters during the Palisades Fire in the Pacific Palisades neighborhood of Los Angeles, California, US, on Tuesday, Jan. 7, 2025. A fast-moving wildfire ripped through an affluent neighborhood in Los Angeles, forcing thousands of people to evacuate as the region braced for a brutal wind storm that could last well into the weekend. Photographer: Jill Connelly/Bloomberg

Podcast: Wildfires spark deferral offers; funding off to strong 2025

byAmanda Harris

January 13, 2025

Wildfires impacting large areas of California are contributing to higher auto insurance costs in the state and more deferral offerings...

EV sales ‘sugar rush’ likely at start of Trump admin

byAsh Savage

January 10, 2025

Electric vehicle sales are positioned to surge in the first half of 2025 as consumers look to buy ahead of...

Lendbuzz issues first 2025 securitization, eyes growth

byAmanda Harris

January 10, 2025

AI-based auto lender Lendbuzz this week issued its first asset-backed securitization deal of 2025 as the financier looks to diversify...

SAFCO inks $100M Deutsche Bank facility, extends CapOne agreement

byJames Van Bramer

January 10, 2025

Indirect subprime lender Southern Auto Finance Co. inked a $100 million warehouse facility with Deutsche Bank this week and extended...

News from Equipment Finance News

Alta Group predicts equipment finance growth in 2025

byMichael Archuleta

2025-01-15

The equipment finance industry appears set for growth in 2025 after a pause that set it back following the collapse…

Dealers turn to new Iron Connect platform as auction values plunge 9% YoY

byMichael Archuleta

2025-01-15

Heavy-equipment dealers are increasingly steering clear of the beleaguered auction market and seeking more lucrative ways to liquidate used gear…

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