Lithia Motors’ finance and insurance (F&I) revenue increased for the sixth consecutive quarter to kick off 2022 as the retailer ...

Rising interest rates for auto loans are set to further suppress vehicle affordability as new vehicle production remains hampered due ...

Consumer Portfolio Services launched nonprime financing in the first quarter as the lender logged its “best quarter ever” in originations ...

Truist Bank’s indirect auto portfolio fell both year over year and sequentially in the first quarter as inventory constraints in ...

Fifth Third Bank in the first quarter lowered auto loan production in order to enhance the lender’s capital returns, and ...

Toyota Motor Corp. is investing $383 million in four factories across the U.S. to boost production of hybrid vehicles amid ...

Auto finance institutions including Ally Financial, CarMax Auto Finance, Chase Auto, PNC Financial, U.S. Bank and Wells Fargo Auto kicked ...

Bank of America’s vehicle lending portfolio grew in the first quarter as the bank streamlines financing, builds on relationships with ...