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Cerberus-owned used-car dealer files for Chapter 11 bankruptcy

Off Lease Only, a used-car dealer majority owned by Cerberus Capital Management LP, has filed bankruptcy

  • Bloomberg News
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Floorplan shuffle: Lenders bolster portfolios amid market opportunity

Floorplan financing is growing for some lenders even as others step back amid elevated interest rates

  • Riley Wolfbauer
  • September 7, 2023

F&I profits, acquisition lending dip amid cash purchases

Elevated interest rates are prompting consumers to purchase vehicles in cash, contributing to a dip in

  • Amanda Harris
  • September 7, 2023

Podcast: ‘On the Job’ with FreedomRoad Financial EVP and Managing Director Tom Collins

People say following a passion leads to career success, but not many actually follow that passion.

  • Riley Wolfbauer
  • September 7, 2023

Lender Westlake is using AI to make more auto loans

Westlake Financial is working with Pagaya Technologies Ltd. to make auto loans using artificial intelligence, targeting

  • Bloomberg News
  • September 7, 2023

Average new and used vehicle loan terms tick down in Q2

Average loan terms declined in the second quarter on new and used vehicles as consumers turned

  • Riley Wolfbauer
  • September 6, 2023

CFPB proposes $2.7B settlement against credit repair providers

The number of consumer credit disputes sent to auto lenders may decrease as the Consumer Financial

  • Amanda Harris
  • September 6, 2023

Auto sales cool in August, marking potential tailwind

Auto sales slowed in August but remained healthy, marking a potential tailwind for the automotive industry

  • Joey Pizzolato
  • September 6, 2023

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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