News Feed
UACC auto originations up 15%
United Auto Credit Corp.'s auto loan originations increased by 15% year over year in the first quarter as parent company...
Capital constraints prompt mixed origination outlook
TD Auto Finance and Avid Acceptance expect auto origination volume to be flat to moderately lower for the remainder of...
Podcast: ‘Weekly Wrap’ on underwriting themes at AFS East 2024
Several auto lenders had to adjust their underwriting strategies in 2023 to account for worsening credit performance across loans originated...
Biden to hike tariffs on China EVs and offer solar exclusions
President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week,...
Big Wheels: Lease ABS volume rises 65%
Auto asset-backed securitization volume continues to outpace 2023 levels, driven by growth in lease and prime loan deals. Auto asset-backed...
Avid Acceptance dips into lower credit tiers after originations plummet 80%
Avid Acceptance has expanded into its lower credit tiers after originations plummeted in 2023 amid a focus on higher-quality applications. ...
Lendbuzz retrains credit models as expansion sees defaults double
AI-based auto lender Lendbuzz’s default rate doubles when the lender expands into a new region, prompting updates to the financier’s...
3 drivers for AI integration at GM Financial
GM Financial is looking to AI to streamline processes and boost customer experience, Chitra Herle, global chief information officer, said at Auto...
