Auto Finance News

Auto refi fintech grows 400% amid pandemic

Breaking from tradition may be the key to auto financiers’ future success. While most lenders struggled as car sales dropped and consumers cut back on making payments during the COVID-19 pandemic, Gravity Lending found success...

Amanda Harris
August 10, 2020

Nicholas Financial builds direct loan portfolio

Garret Reich
August 10, 2020

Carvana maintains tighter underwriting

Joey Pizzolato
August 10, 2020

JD Power to pay $135M for TrueCar’s ALG analytic service

Garret Reich
August 7, 2020

Weekly Wrap: Ford Credit earnings and compliance experts on best practices [Video]

Amanda Harris
August 7, 2020

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Coronavirus

Nicholas Financial builds direct loan portfolio

Garret Reich
August 10, 2020

JD Power to pay $135M for TrueCar’s ALG analytic service

Garret Reich
August 7, 2020

Job growth tops estimates, signaling US rebound is grinding on

Bloomberg News
August 7, 2020

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Polaris reported lowest North American supply in over 20 years in Q2

Garret Reich
August 3, 2020

Harley-Davidson ups loan loss provisions, plans restructure

Amanda Harris
July 28, 2020

Q2 powersports sales strong despite low inventory

Amanda Harris
July 21, 2020

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FTC report highlights concerns with dealer advertising and add-on products

Kelly Lipinski
August 4, 2020

5 Questions with Nikola Motor President Mark Russell

Garret Reich
August 3, 2020

CCPA for lenders outside California

Paul Lysobey and Sanford Shatz
July 23, 2020

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Videos

Weekly Wrap: Ford Credit earnings and compliance experts on best practices [Video]

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From Our Partners

Alfa whitepaper reveals impact of LIBOR reform on asset finance providers

Alfa Systems
June 11, 2020

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

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Weekly Wrap: Ford Credit earnings and compliance experts on best practices [Video]

This week, Ford Motor Credit propped up Ford Motor Co.’s second-quarter performance with strong consumer loans and leases, and low delinquency rates as major banks tightened credit underwriting standards. Still,...

Amanda Harris
August 7, 2020
Compliance & Regulation, Earnings, Risk Management, Sales & Marketing, Videos

Job growth tops estimates, signaling US rebound is grinding on

The U.S. labor market continued to regain ground in July, though at a slower pace, indicating the economic rebound is still making headway despite a surge in coronavirus infections. Payrolls...

CAC deferral rates better than pre-pandemic levels, CEO says

Credit Acceptance Corp.’s forbearance and deferral rates have dropped to below pre-pandemic levels after improving “pretty dramatically in May” and continuing to do so through July 28, Chief Executive Brett...

Compliance experts discuss ethics as deferrals end

Lenders will need to remember one thing as pandemic-spurred deferral programs end and an influx of delinquencies and repossessions begin – “the law is amoral,” said Michael Benoit, chairman at...

Amanda Harris
August 6, 2020
Compliance & Regulation, Risk Management

AFRS webinar features Exeter compliance officer Aug. 12

Compliance must balance regulatory risk with operational cost, and establishing a positive relationship between the first and second lines of defense is critically important to the success of any compliance...

Amanda Harris
August 6, 2020
Auto Finance Risk Summit, Compliance & Regulation, Risk Management

Alfa launches new service for auto lenders

Alfa is launching Alfa Start — a preconfigured edition of the company’s software platform, Alfa Systems — to streamline its delivery and make the product accessible and affordable to more...

Garret Reich
August 6, 2020
Innovation & Technology, Sales & Marketing

US jobless claims fall more than forecast to pandemic low

U.S. applications for unemployment benefits fell more than expected last week to the lowest since the pandemic started, in a broad decline across nearly all states, suggesting the labor market...

Average new vehicle transaction prices inch up in July

When the COVID-19 pandemic shut down vehicle production in April through June, sales took a hit, and no one knew how long it would take for the industry to bounce...

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