Page 442 – Auto Finance News

Skyline of Nashville, Tennessee at night.

Auto finance executives will join Auto Finance News at 9:45 a.m. on May 11 at Auto Finance Summit East in ...

Vehicles for sale at a Ford dealership in Richmond, California, US, on Tuesday, Feb. 21, 2023. The average price for a new vehicle in the US has jumped to almost $50,000, up 30% since 2019, according to JPMorgan.

Ford Credit hits half of annual funding target in Q1

May 4, 2023

Ford Credit completed half of its annual funding plan in the first quarter despite rising interest rates that are compressing ...

Used vehicles for sale at a dealership in Colma, California, US, on Tuesday, Feb. 21, 2023. A surprise jump in used-vehicle prices last month is adding to US car buyers' frustration and has the potential to dent hopes inflation is headed lower even as the Federal Reserve hikes interest rates.

Under the Hood: CUs boost auto lending market share despite few incentives

byMarcie Belles

March 28, 2024

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Credit unions have been gaining share the auto loan market without much help from incentives. In 2022, credit union outstandings ...

Pricing dynamics lead to mixed Q1 bank results

byAmanda Harris

September 18, 2024

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Compressed margins, increased pricing competition and a shift toward more profitable lines of business in the first quarter drove attrition ...

Camping World Holdings Inc. signage is displayed as American Flags fly outside of the New York Stock Exchange (NYSE) during the company's initial public offering (IPO) in New York, U.S., on Friday, Oct. 7, 2016. U.S. stocks fell after jobs data showing steady growth in the labor market likely kept the Federal Reserve on track to tighten monetary policy this year as investors turn to the third-quarter earnings season.

Camping World F&I down 15% YoY

byJohnnie Martinez II

May 3, 2023

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Camping World’s first-quarter finance and insurance revenue declined year over year due to a drop in new-RV sales and heightened ...

The Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Saturday, June 26, 2021. The Federal Reserve might consider an interest-rate hike from near zero as soon as late 2022 as the labor market reaches full employment and inflation is at the central bank's goal.

The Fed raises US rates by a quarter point, signaling possible pause

byBloomberg News

May 3, 2023

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The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in ...

Close up of a charger plugged into an electric vehicle

Tenet breaks into commercial fleet financing

byAmanda Harris

May 2, 2023

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Electric vehicle financing startup Tenet has expanded into commercial fleet financing through a partnership with carsharing marketplace Getaround. Getaround allows ...

Traffic on Highway 280 in Palo Alto, California, US, on Thursday, June 9, 2022. Photographer: David Paul Morris/Bloomberg

Credit Acceptance consumer loan volume up 19%

byAmanda Harris

May 3, 2023

0

Subprime auto lender Credit Acceptance Corp.’s loan portfolio grew in the first quarter as collection rates stabilized. Credit Acceptance Corp. ...

Federal Reserve announces emergency meeting on auto lending regulations • Click for details

MARKET SNAPSHOT

Fifth Third, Honda Finance, TDECU execs join Auto Finance Summit East

Ford Credit hits half of annual funding target in Q1

Under the Hood: CUs boost auto lending market share despite few incentives

Pricing dynamics lead to mixed Q1 bank results

Camping World F&I down 15% YoY

The Fed raises US rates by a quarter point, signaling possible pause

Tenet breaks into commercial fleet financing

Credit Acceptance consumer loan volume up 19%

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