OEM sales rise, on pace to hit 15M units
New-vehicle sales were propped up by improving supply and strong demand in November as the market could surpass 15 million...
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Podcast: ‘On the Job’ with Axos Bank’s Anthony Capizzano
When Anthony Capizzano, senior vice president, head of consumer lending at Axos Bank, returned from the U.S. Marine Corps in...
Rivian lease program key to increasing sales
Rivian’s leasing launch last week through Rivian Financial Services was a key step for the challenger EV manufacturer to bolster...
Large captive signs on with Pagaya Technologies
Pagaya Technologies signed on a large captive during the third quarter as the AI-based lender continues to scale its auto...
US Bank plans to issue $2.5B of auto credit-linked notes
US Bank is issuing $2.5 billion of credit-linked notes tied to a pool of auto loans. It’s the first time...
Additional tightening possible as delinquencies rise
Auto lenders may further tighten standards as late-stage delinquencies continued to surpass pre-pandemic levels in the third quarter in tandem...
Podcast: ‘Weekly Wrap’ discussion on delinquencies, captive market share
Delinquencies and net losses in the prime and subprime auto asset-backed securities market continued to increase in September, while captive...
GM Financial’s Dan Berce named Auto Finance Executive of the Year
Auto Finance News is pleased to announce Dan Berce, president and chief executive at GM Financial, has been named the...
Lender pullback slows add-on sales at subprime dealers
Dealerships that target deep subprime consumers are seeing stagnation in add-on product sales as lenders tighten credit standards. A...
Sunbelt U.S. rental revenue rises 12% to $2.3B
Sunbelt Rentals’ rental revenue grew due to increased volume and rates in its U.S. fiscal second quarter, which ended Oct.…
Jupiter Financial rebrands as Jupiter Equipment Finance
Jupiter Financial, a provider of commercial equipment financing solutions, has rebranded as Jupiter Equipment Finance. Existing customers will not be…
