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PNC Financial appoints new president and other staff moves

PNC Financial appoints Lyons president Pittsburgh-based PNC Financial Services Group has named Michael P. Lyons president

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Rivian, Lucid eye finance growth 

EV manufacturers Rivian Automotive and Lucid Motors are expanding the scope of their finance arms as

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Arivo CEO prioritizes AI, looks to boost efficiency 30%

Subprime lender Arivo Acceptance Chief Executive Landon Starr will continue to embrace technology while making structural

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Under the Hood: Tech complexity spurs enhanced risk measures

Advances in digitalization and machine learning are sparking a need for lenders to revisit operational risk

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Westlake-backed Axis Auto Finance explores sale

Toronto-based non-prime lender Axis Auto Finance is eyeing a potential merger or sale of the company.

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The big miss on electric cars is remaking Europe’s auto industry

Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper

  • Bloomberg News
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High used-vehicle prices put continued pressure on LTVs

Elevated vehicle prices have continued to put pressure on used-vehicle loan-to-value ratios. LTVs for used vehicles

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Slowing EV sales growth prompts incentives, price cuts 

Slowing electric vehicle sales growth has spurred an uptick in EV incentives and continued price declines.

  • Amanda Harris
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Credit Union Auto Lending Surges

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