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Banks financed more nonprime auto loans in the second quarter as more subprime borrowers enter the market and some lenders loosened standards. Consumers with higher credit scores bought vehicles earlier than planned in 2025 to avoid tariff-induced price increases, Strati Papageorge, senior vice president of product at PNC Financial, told Auto Finance News. Subprime consumers […]
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Despite residual forecasting challenges, cost barriers and incentive competition, captives and credit unions continue to mull used-vehicle leasing to grow...
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
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Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
David Thompson
David Thompson
David Thompson
