William Hoffman, Author at Auto Finance News

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

OEMs May Raise Incentives on EVs, Experts Say

San Diego — Manufacturers may be forced to highly incentivize

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

CFPB Scrutinizes Repossession Accounts for Fraud

SAN DIEGO — The Consumer Financial Protection Bureau is questioning

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Originations, Auto Debt Grow in 1Q NY Fed Finds

Although auto lenders are tightening credit underwriting standards, originations and

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Ally Offers P2P Financing, Insurance Through TRED

Ally Financial Inc. rolled out financing for peer to peer

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Bill Jensen Comes Out of Retirement to Join Westlake

Westlake Financial Services has hired former Chase Auto Finance executive

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Toyota Financial Uses Gamification to Teach Compliance

Toyota Financial Services is making compliance training “fun” by turning

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Regulators Step Up Scrutiny of Ancillary Products

SAN DIEGO — The Consumer Financial Protection Bureau is increasingly

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls