Risk Management
EV Life expands into used-EV financing
Electric vehicle fintech EV Life has launched used-EV financing as an influx of used EVs hits the market and demand...
Podcast: ‘Weekly Wrap’ on aftermarket compliance, EVs
Aftermarket product sales have become more crucial for dealerships as vehicle profits decline, prompting the industry to increasingly turn to...
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 management protocols. In the...
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. Axis formed a “special...
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 electric vehicles and fend off existential threats....
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 remained high in the...
Slumping EV prices force carmakers to repay leasing firms
Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip...
Further credit tightening might be on horizon
Auto lenders are likely to further tighten underwriting criteria in the coming months as the rate of new auto loan...
