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CU Loan Source doubles originations amid increased consumer deposits
Indirect auto finance company CU Loan Source has doubled its origination volume since May 2020, largely due to a pandemic-spurred...
With White Clarke Group acquisition, IDS doubles down on digital lending
The acquisition of the U.K.-based White Clarke Group software company by IDS is further evidence of the auto finance industry’s...
Managing repossessions and consumer bankruptcy in wake of Chicago v. Fulton
A recent U.S. Supreme Court decision has shed light on auto lenders’ ability to repossess vehicles from consumers in bankruptcy,...
Lenders bump up staffing levels despite pandemic
Despite some lenders’ cutbacks in sales, funding and repossession, auto finance staffing grew 12.7% last year, according to data analyzed...
Ford Motor Credit’s Jim Drotman joins Auto Finance Summit for a fireside chat
Ford Motor Credit EVP Jim Drotman The Auto Finance News team is pleased to announce that...
Weekly Wrap: How long can used-vehicle values stay elevated?
This week, the Manheim Used Vehicle Value Index reached 203.3, the highest in its history and the first time it...
Higher used-car trade-in values could bolster subprime share
Record increases in used-vehicle values could help spur growth in the subprime market following at least five years of sequential...
Manheim Used Vehicle Index surpasses 200 for first time
Rising used-vehicle prices have pushed the Manheim Used Vehicle Value Index above 200 for the first time in the index’s...
