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Eisman’s biggest short is subprime lender Credit Acceptance
Steve Eisman, the Neuberger Berman Group portfolio manager made famous by successfully wagering against subprime loans a decade ago, said...
CFPB’s new heads, and more staff moves
Auto Finance News presents industry staffing shuffles for the month of December. CFPB’S new heads: Operations, information, research [caption id="attachment_80640" align="alignleft"...
Fair partners with LendingTree, sees increase in short-term leases
Fair’s new partnership with LendingTree is capitalizing on a growing need for short-term leases. Since launching the partnership a few...
Used-vehicle prices increase, inventory outpaces norm
Rising used-vehicle prices, recovering supply and low delinquencies point to improving health for the auto industry. The Manheim Used-Vehicle Value...
Bank of America’s auto book shrinks in 2020
Bank of America’s auto portfolio dwindled last year as economic stress spurred by the coronavirus pandemic tightened credit and depressed...
PNC Financial’s Q4 marked by declines in auto
A decrease in auto loans contributed to an overall decline in PNC Financial Services’ fourth-quarter consumer portfolio. Auto outstandings clocked...
US jobless claims fall slightly, though remain near 1M
Applications for U.S. state unemployment benefits fell only slightly last week and remained elevated, signaling heightened pandemic-related strain in the...
TrueCar forecasts 16M SAAR in 2021
The new-vehicle SAAR is forecast to reach 16 million units this year, gaining 10% on 2020’s dismal 14.6-million-unit figure. Retail...
