Lithia Motors’ floorplan interest expense soared in the first quarter as the retailer group’s acquisition activity picked up steam.   ...

Consumer Portfolio Services’ originations ticked up on a year-over-year basis as the lender continued to tighten credit and credit performance ...

Capital One auto originations plummeted on a year-over-year basis as the lender continues its yearlong pull back on auto lending, ...

Ongoing digitalization, unpredictable inflation, increasing cost of funds, changing consumer expectations and an emerging wave of defaults have combined to ...

Silicon Valley Bank and federal regulators alike let poor management slide for several years — leading to the largest banking failure since 2008. ...

New-vehicle sales are forecast to improve on a month-over-month basis in April as more favorable seasonal factors and increased fleet ...

Harley-Davidson Financial Services increased its provision for credit losses in the first quarter as realized retail credit losses grew.  Provision ...

Cost of funds for Carvana’s first nonprime asset-backed securities deal since March 2022 increased as expected cumulative loss levels rose ...