Bloomberg News, Author at Auto Finance News

Favorable shifts in supply and demand are driving sales at buy here, pay here dealerships, but capital access remains a...

A Bank of America branch in Austin, Texas, US

Tim Owens retires after 15-plus years at Bank of America

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News. Tim Owens Owens, who joined the...

July US hybrid sales surge at Honda, Kia, Hyundai, Toyota

U.S. hybrid vehicle sales increased at American Honda Motor, Kia America, Hyundai Motor America and Toyota Motor North America in...

Hertz and Avis cancel orders in setback for ailing carmakers

Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow

Auto loan approval rises to 74% in July

Credit access improved year over year in July as auto loan approvals rose and yield spreads narrowed, though the subprime...

Affordability drives BHPH demand, but liquidity challenges persist

Favorable shifts in supply and demand are driving sales at buy here, pay here dealerships, but capital access remains a...

Tim Owens retires after 15-plus years at Bank of America

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News. Tim Owens Owens, who joined the...

July US hybrid sales surge at Honda, Kia, Hyundai, Toyota

U.S. hybrid vehicle sales increased at American Honda Motor, Kia America, Hyundai Motor America and Toyota Motor North America in...

Hertz gets forbearance from lenders in bid to avert bankruptcy

Hertz Global Holdings Inc. reached an eleventh-hour pact with lenders

Auto loan approval rises to 74% in July

Credit access improved year over year in July as auto loan approvals rose and yield spreads narrowed, though the subprime...

Affordability drives BHPH demand, but liquidity challenges persist

Favorable shifts in supply and demand are driving sales at buy here, pay here dealerships, but capital access remains a...

Tim Owens retires after 15-plus years at Bank of America

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News. Tim Owens Owens, who joined the...

July US hybrid sales surge at Honda, Kia, Hyundai, Toyota

U.S. hybrid vehicle sales increased at American Honda Motor, Kia America, Hyundai Motor America and Toyota Motor North America in...

Carmakers dodge disaster with biggest-ever share of 0% loans

Zero-percent financing deals hit a record last month as carmakers

Auto loan approval rises to 74% in July

Credit access improved year over year in July as auto loan approvals rose and yield spreads narrowed, though the subprime...

Affordability drives BHPH demand, but liquidity challenges persist

Favorable shifts in supply and demand are driving sales at buy here, pay here dealerships, but capital access remains a...

Tim Owens retires after 15-plus years at Bank of America

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News. Tim Owens Owens, who joined the...

July US hybrid sales surge at Honda, Kia, Hyundai, Toyota

U.S. hybrid vehicle sales increased at American Honda Motor, Kia America, Hyundai Motor America and Toyota Motor North America in...

‘Fire sale’ of Hertz rentals poses risk to broader auto sector

The already-reeling used-vehicle market is hanging in the balance as

Auto loan approval rises to 74% in July

Credit access improved year over year in July as auto loan approvals rose and yield spreads narrowed, though the subprime...

Affordability drives BHPH demand, but liquidity challenges persist

Favorable shifts in supply and demand are driving sales at buy here, pay here dealerships, but capital access remains a...

Tim Owens retires after 15-plus years at Bank of America

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News. Tim Owens Owens, who joined the...

July US hybrid sales surge at Honda, Kia, Hyundai, Toyota

U.S. hybrid vehicle sales increased at American Honda Motor, Kia America, Hyundai Motor America and Toyota Motor North America in...

Another 3.8 million Americans file for jobless benefits

Millions more Americans filed for unemployment benefits last week, sending

Auto loan approval rises to 74% in July

Credit access improved year over year in July as auto loan approvals rose and yield spreads narrowed, though the subprime...

Affordability drives BHPH demand, but liquidity challenges persist

Favorable shifts in supply and demand are driving sales at buy here, pay here dealerships, but capital access remains a...

Tim Owens retires after 15-plus years at Bank of America

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News. Tim Owens Owens, who joined the...

July US hybrid sales surge at Honda, Kia, Hyundai, Toyota

U.S. hybrid vehicle sales increased at American Honda Motor, Kia America, Hyundai Motor America and Toyota Motor North America in...

US economy shrinks at 4.8% pace, signaling start of recession

The record-long U.S. economic expansion is over after almost 11

Auto loan approval rises to 74% in July

Credit access improved year over year in July as auto loan approvals rose and yield spreads narrowed, though the subprime...

Affordability drives BHPH demand, but liquidity challenges persist

Favorable shifts in supply and demand are driving sales at buy here, pay here dealerships, but capital access remains a...

Tim Owens retires after 15-plus years at Bank of America

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News. Tim Owens Owens, who joined the...

July US hybrid sales surge at Honda, Kia, Hyundai, Toyota

U.S. hybrid vehicle sales increased at American Honda Motor, Kia America, Hyundai Motor America and Toyota Motor North America in...

Nissan warns of losses, delays earnings report due to pandemic

Nissan Motor Co. warned that it expects to post a

Auto loan approval rises to 74% in July

Credit access improved year over year in July as auto loan approvals rose and yield spreads narrowed, though the subprime...

Affordability drives BHPH demand, but liquidity challenges persist

Favorable shifts in supply and demand are driving sales at buy here, pay here dealerships, but capital access remains a...

Tim Owens retires after 15-plus years at Bank of America

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News. Tim Owens Owens, who joined the...

July US hybrid sales surge at Honda, Kia, Hyundai, Toyota