Risk Management
Podcast: Weekly Wrap discussion on Citizens’ exit, changing dynamics
Last week, Citizens Financial Corp. pulled out of indirect auto, marking the second bank to voluntarily exit auto financing and...
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At Auto Finance News, we strive to provide you with the most valuable insights and analysis on the ever-evolving auto...
Chance of recession declines alongside rise in debt ceiling
PLANO, Texas — The odds of the United States economy falling into a recession declined as the debt ceiling was...
Changing market, rates prompt banks to exit auto lending
Relationship priorities, rising interest rates and changing indirect lending dynamics have contributed to several banks’ recent exits from indirect auto...
Used-vehicle values continue sequential dip
Used-vehicle values continued their downward slide in May as used-car retail sales held steady sequentially but lagged last year’s levels....
After retreating for more than a year, Citizens exits auto finance
Citizens Financial Group is the latest bank to exit indirect auto lending following four quarters of pullback as the industry...
Fed: Auto sales mixed across regions as confidence wanes
Dampening consumer confidence and high interest rates continued to put pressure on auto sales on a regional basis even as...
Dealer floorplan interest income falls 67% YoY
Dealers’ profitability declined in the first quarter as floorplan interest rates climbed and inventory improved, but dealers continued to pay...
