Sonic F&I revenue rises 13% YoY in 2025
Auto retailer Sonic Automotive’s finance and insurance revenue increased despite a slowdown in new- and used-auto sales in the fourth quarter and full-year 2025. Sonic’s finance and insurance (F&I) revenue ...
Auto retailer Sonic Automotive’s finance and insurance revenue increased despite a slowdown in new- and used-auto sales in the fourth quarter and full-year 2025. Sonic’s finance and insurance (F&I) revenue ...
Autotech Ventures and Y Combinator were the most active of the 124 auto fintech backers last year, according to Auto Finance News data. Early-stage venture ...
Auto lenders are adjusting underwriting criteria to account for a rise in demand for loan terms of 84-plus months as ...
Lenders are seeing opportunities for more leasing and offering lease-like products in 2026 amid consumers’ rising affordability pressures. PenFed Credit ...
AI-powered lending platform Upstart on Feb. 10 named Sanjay Datta its president and chief capital officer and the new appointee has his work cut out for him. After ...
Auto Finance News is pleased to announce that Chris Kleczynski, a product and lending executive and independent advisor, will join a panel ...
The takeover of Tricolor Holdings’ assets and debts could cost $7 million to $7.5 million by yearend 2025, backup servicer ...
Auto asset-backed securitization issuance dropped year-to-date compared with 2025 as spreads tightened. Nonprime ABS issuance was down 27.8% YoY to $6.5 billion through Feb. 13, according to same-day data from JPMorgan Securities. This is ...