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Inovatec partners with Clik2pay for lender debt collection

Cloud-based software solution provider Inovatec Systems has partnered with payment service provider Clik2pay, allowing Inovatec’s clients

Credit union auto loan market share reaches 31% 

Credit unions’ auto finance market share in the third quarter grew 8.23 percentage points year over

Rising battery prices threaten to derail the arrival of affordable EVs

Falling battery prices have been one of the most consistent trends in the electric vehicle industry

Carvana ABS issuance volume down 55% YoY 

Meteoric rises in the Federal Reserve’s benchmark interest rate and widening credit spreads in the auto

Listen: Weekly Wrap discussion on Carvana, incentives

As the auto industry faces declining consumer demand amid macroeconomic uncertainty and high vehicle prices, lenders

Delinquencies close in on pre-pandemic levels in Q3 

Delinquencies moved closer to pre-pandemic levels in the third quarter in tandem with rising vehicle prices

Carvana financing volume drops 24% in Oct.

Financing volume at Carvana dropped for the sixth straight month in October as rising interest rates,

BRP North American retail sales jump 43%

Powersports manufacturer BRP outpaced company expectations in the third quarter of its 2023 fiscal year as

Credit Union Auto Lending Surges

David Thompson

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