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Prestige Financial Services reportedly lays off some staff

Lender Prestige Financial Services reportedly laid off several employees in early November, according to posts from

Toyota sales climb 11.8% YoY in October, Mazda’s sales plummet 32.6%

Automakers saw mixed sales across internal combustion engine vehicles and EVs in October, the first month

Used-vehicle values flat as auto interest rates rise in October 

Auto lenders are tightening their risk parameters, a dynamic that could slow down sales for some

Open Lending certified loans fall 13% 

Open Lending’s certified loan volume decreased in the third quarter as the automation fintech tightened underwriting

Big Wheels: Auto Finance News launches API

Auto Finance News is pleased to launch an API that provides structured access to the datasets

CarMax, eyeing improved profitability, finance penetration, replaces CEO 

CarMax is searching for a new chief executive on the heels of decreased sales, wholesale business

Lucid, Rivian deliveries surge in third quarter

EV makers Lucid Motors and Rivian saw soaring deliveries in the third quarter, despite ongoing production

Auto 60-plus-day DQs up 4 bps 

The growth rate of auto delinquencies slowed in the third quarter, while credit performance at banks

Credit Union Auto Lending Surges

David Thompson

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