Wells Fargo Auto offers incentive to repo agencies
Wells Fargo Auto is offering a $500-per-vehicle incentive to repossession agencies to prioritize the recovery of their vehicles amid a...
5 questions with … Bank of America’s Tim Owens
Tim Owens, consumer vehicle lending executive at Bank of America, places a priority on networking to learn from fellow banking...
Auto credit availability loosens in October
Auto credit access narrowly loosened in October, marking the second consecutive month of improved availability following four months of tightening...
New-vehicle inventory reaches highest level since May 2021
New-vehicle days’ supply in October climbed to the highest level since May 2021, while used-vehicle inventory slightly declined amid easing...
Listen: Weekly Wrap discussion on retailers, EVs
Each of the major automotive retailers recorded year-over-year increases in finance and insurance (F&I) revenue in the third quarter amid...
Autonomy looks to launch insurance captive model
Electric vehicle (EV) subscription service Autonomy is aiming to launch an insurance captive model by the end of the year...
Ally, Ford Credit name new CFOs, and other staff moves
Ally CFO LaClair steps down Jennifer LaClair stepped down as Ally’s chief financial officer after nearly five years in the...
30% of repo agencies shut down due to unprofitability
SAN DIEGO — Repossession volume is expected to increase in the coming year, a challenge exacerbated by an estimated 30%...
