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...

Top Lenders Pull Back Auto Originations Amid High Losses

An analysis of first quarter earnings among 11 auto lenders

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...

SunTrust Grows Portfolio 5%, Sticks to Prime

SunTrust Banks Inc. outstandings grew 5% in the first quarter,

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...

USAA Emphasizes Education To Prevent Delinquencies

While a number of lenders are revamping their collections 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...

Recoveries Drop At CPS Amid Lower Used Values

The decline of used-car values has had a “significant 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...

Credit Acceptance Grows Portfolio 23% in 1Q

Credit Acceptance Corp. grew its total portfolio outstanding to $4.4

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...

Ben Atkinson Leaves BBVA for AutoFi, Replaced by Chuck Berend

Ben Atkinson has left his position as senior vice president

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...

Leasing on the Decline at Ford Credit While Loans Rise

Ford Motor Credit Co. continued to lessen its lease portfolio

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