Credit tightening at CarMax Auto Finance paves way for ACL reduction
Ongoing credit tightening at CarMax Auto Finance paved the way for allowance for credit loss reductions as the lender’s portfolio...
2024 tax refund season lags prior year
Tax refund volume so far this year is pacing behind 2023 levels, but that may not be a bad thing...
Big Wheels: Auto loan rejection rates plummet
Auto loan rejection rates plummeted over the 12 months that ended in February in a sign of loosening underwriting standards....
Big Wheels: Used-car values drop 15% in March
Used-vehicle values declined for the second consecutive month after holding steady at the top of the year as retail sales...
Q1 car sales shine for most automakers
Vehicle sales in the first quarter were a bright spot for nearly every automaker, led by sales strength in March...
Big Wheels: Examining negative equity: Price fluctuations pressure consumers
Skyrocketing used-vehicle values during the pandemic pushed loan-to-value ratios down, increasing lender recovery rates and borrower equity. By the end...
TD Auto CEO Stuart to speak at Auto Finance Summit East
TD Auto Finance President and Chief Executive Andrew Stuart has joined the 2024 Auto Finance Summit East speaker faculty and...
Tesla lease penetration, deliveries slump
Tesla Finance logged a decline in lease penetration in the first quarter as sales fell below analyst estimates. Sales subject...
