Aidan Bush, Author at Auto Finance News

Pentagon Federal Credit Union will bring back balloon financing in 2027 and launch an indirect lending program. The residual-based finance...

U.S. Bank, Updation target mid-month dealer payments launch

U.S. Bank expects its payment integration with dealership technology provider Updation to be operational by mid-November, bringing dealers closer to...

Fed’s Akana to discuss capital markets at Auto Finance Summit 2024

Alloya eyes more credit union participation in auto ABS program

Alloya Corporate Federal Credit Union plans to increase the number of member credit unions participating in its prime auto loan...

Driveway Finance originations grow 28% YoY in Q3

Lithia Motors’ captive arm Driveway Finance reported year-over-year originations growth

GM Financial lays off 400 employees

Captive GM Financial cut 400 employees last week, months after its parent company cut hundreds of staff in May. The...

PenFed to revive balloon financing, indirect lending in 2027

Pentagon Federal Credit Union will bring back balloon financing in 2027 and launch an indirect lending program. The residual-based finance...

U.S. Bank, Updation target mid-month dealer payments launch

U.S. Bank expects its payment integration with dealership technology provider Updation to be operational by mid-November, bringing dealers closer to...

Alloya eyes more credit union participation in auto ABS program

Alloya Corporate Federal Credit Union plans to increase the number of member credit unions participating in its prime auto loan...

Auto industry’s 2027 comeback hinges on affordability

After being bolstered by wealthy customers in 2026, the auto

GM Financial lays off 400 employees

Captive GM Financial cut 400 employees last week, months after its parent company cut hundreds of staff in May. The...

PenFed to revive balloon financing, indirect lending in 2027

Pentagon Federal Credit Union will bring back balloon financing in 2027 and launch an indirect lending program. The residual-based finance...

U.S. Bank, Updation target mid-month dealer payments launch

U.S. Bank expects its payment integration with dealership technology provider Updation to be operational by mid-November, bringing dealers closer to...

Alloya eyes more credit union participation in auto ABS program

Alloya Corporate Federal Credit Union plans to increase the number of member credit unions participating in its prime auto loan...

Ally Financial’s auto originations grow 10.3% YoY in Q3

Ally Financial’s auto originations grew year over year in the

GM Financial lays off 400 employees

Captive GM Financial cut 400 employees last week, months after its parent company cut hundreds of staff in May. The...

PenFed to revive balloon financing, indirect lending in 2027

Pentagon Federal Credit Union will bring back balloon financing in 2027 and launch an indirect lending program. The residual-based finance...

U.S. Bank, Updation target mid-month dealer payments launch

U.S. Bank expects its payment integration with dealership technology provider Updation to be operational by mid-November, bringing dealers closer to...

Alloya eyes more credit union participation in auto ABS program

Alloya Corporate Federal Credit Union plans to increase the number of member credit unions participating in its prime auto loan...

Hybrid adoption contributes to 3.9% uptick in California new-vehicle sales

California’s new-vehicle sales rose in the third quarter following increased

GM Financial lays off 400 employees

Captive GM Financial cut 400 employees last week, months after its parent company cut hundreds of staff in May. The...

PenFed to revive balloon financing, indirect lending in 2027

Pentagon Federal Credit Union will bring back balloon financing in 2027 and launch an indirect lending program. The residual-based finance...

U.S. Bank, Updation target mid-month dealer payments launch

U.S. Bank expects its payment integration with dealership technology provider Updation to be operational by mid-November, bringing dealers closer to...

Alloya eyes more credit union participation in auto ABS program

Alloya Corporate Federal Credit Union plans to increase the number of member credit unions participating in its prime auto loan...

Securing consumer down payments challenging for auto lenders

Car buyers are putting less money down toward car purchases

GM Financial lays off 400 employees

Captive GM Financial cut 400 employees last week, months after its parent company cut hundreds of staff in May. The...

PenFed to revive balloon financing, indirect lending in 2027

Pentagon Federal Credit Union will bring back balloon financing in 2027 and launch an indirect lending program. The residual-based finance...

U.S. Bank, Updation target mid-month dealer payments launch

U.S. Bank expects its payment integration with dealership technology provider Updation to be operational by mid-November, bringing dealers closer to...

Alloya eyes more credit union participation in auto ABS program

Alloya Corporate Federal Credit Union plans to increase the number of member credit unions participating in its prime auto loan...

U.S. Bank indirect loan and lease originations jump 18.1% in Q3

Regional banks reported improved auto delinquencies and net charge-offs in

GM Financial lays off 400 employees

Captive GM Financial cut 400 employees last week, months after its parent company cut hundreds of staff in May. The...

PenFed to revive balloon financing, indirect lending in 2027

Pentagon Federal Credit Union will bring back balloon financing in 2027 and launch an indirect lending program. The residual-based finance...

U.S. Bank, Updation target mid-month dealer payments launch

U.S. Bank expects its payment integration with dealership technology provider Updation to be operational by mid-November, bringing dealers closer to...

Alloya eyes more credit union participation in auto ABS program

Alloya Corporate Federal Credit Union plans to increase the number of member credit unions participating in its prime auto loan...

‘No winners’ in repossession: Lenders eye loan modifications to keep customers driving

Auto lenders are modifying or extending delinquent consumers’ loans to

GM Financial lays off 400 employees

Captive GM Financial cut 400 employees last week, months after its parent company cut hundreds of staff in May. The...

PenFed to revive balloon financing, indirect lending in 2027

Pentagon Federal Credit Union will bring back balloon financing in 2027 and launch an indirect lending program. The residual-based finance...

U.S. Bank, Updation target mid-month dealer payments launch