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Home » Axis Auto sells remaining business for $78M 

Axis Auto sells remaining business for $78M 

Subprime lender’s auto originations down 49.6% YoY amid sale 

Amanda HarrisbyAmanda Harris
December 16, 2024
in Risk Management
Reading Time: 1 min read
0
Cars parked along the side of the road

© Can Stock Photo / Bilanol

Axis Auto Finance has been sold for $78 million after the company said in February that it was exploring a sale.   The Toronto-based subprime lender announced on Dec. 12 the completion of the sale of its auto loan assets, with the company planning to use the proceeds to pay off outstanding debt, according to an […]

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