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Join the ‘Spark Tank’ workshop at AFS East
Do you have what it takes to create a new future for the auto finance industry? Join the ‘Spark Tank’...
Tesla to cut over 10% of workforce in global retrenchment
Tesla Inc. will slash global headcount by more than 10%, Elon Musk wrote in an email to staff, as the...
Wells Fargo Auto originations decline 18%
Wells Fargo Auto tallied a dip in origination volume during the first quarter as the bank’s auto book continued to...
Chase Auto originations tick down 3%
Chase Auto’s first-quarter originations dipped year over year as the bank prioritized margins. Auto originations totaled $8.9 billion in...
EV leasing doubles YoY as sales growth slows
The share of leased EVs more than doubled year over year in the first quarter as the EV sales rate continued to...
Credit availability improves for second month in row
Auto credit access eased across all lender types in March, with captives loosening the most, marking the second consecutive month...
Credit tightening at CarMax Auto Finance paves way for ACL reduction
Ongoing credit tightening at CarMax Auto Finance paved the way for allowance for credit loss reductions as the lender’s portfolio...
Synchrony expands BRP financing relationship
Synchrony Financial is providing promotional financing for Canadian powersports manufacturer Bombardier Recreational Products. The lender on Monday added BRP to...
