Dealership consolidation is increasing, providing an opportunity for banks and captives to grow acquisition funding.   Holland, Mich.-based Macatawa Bank, part ...

Figure Technologies has closed a $300 million prefunded securitization for loans trading on Figure Connect, its blockchain-native marketplace.  The transaction, which closed June 30 and ...

Jason Person, chief financial officer at SAFCO since July 2023, has been named the lender’s president.   Prior to joining SAFCO, Person was vice ...

While rising auto sales in June caused inventories to dip year over year, opportunities exist for dealers to grow sales ...

U.S. auto loan asset-backed securities posted lower month-over-month losses in May for both prime and subprime segments despite weaker vehicle recoveries.  ...

BMW AG and Volkswagen AG’s vehicle sales fell in the second quarter due to a worsening decline in China, where ...

TD Auto Finance is rolling out capabilities to improve real-time loan decisioning, income verification, credit reporting and compliance to 5,500 dealers across Canada after ...

Subaru Motors Finance says it supports incentives that encourage borrowers to lower their monthly payments through leasing rather than financing ...