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Upstart auto originations down 71%
AI-driven lending platform Upstart’s auto originations fell in the first quarter as the financier focused on profitability, better credit quality...
Mass EV adoption slows amid headwinds
Social impact, lack of dealer support and struggling business models are hindering mass EV adoption while EV manufacturers Rivian and...
American Honda CPO vehicle sales growth outpaces industry at 16%
American Honda's certified pre-owned vehicle sales growth outpaced the industry average as the company expanded the program to incorporate older...
AutoNation, Lithia captive originations up sequentially
Retailers’ captive finance originations grew in the first quarter and finance and insurance revenue was mixed as sales and inventory...
Under the Hood: CFPB research exposes pricing confusion
A pricing report released last month by the Consumer Financial Protection Bureau revealed that consumers are confused when prices are...
Chase Auto mulls buy box expansion
Chase Auto could expand its credit buy box to meet consumer demand if macroeconomic conditions continue to contribute to weakening...
Vroom names new CFO
Vroom’s chief financial officer, treasurer and principal financial officer, Bob Krakowiak, is stepping down effective May 17. Agnieszka Zakowicz, senior...
Big Wheels: New-vehicle loan rates rise 57 bps
Auto loan interest rates ended April above 8% as rates across new- and used-vehicle loans rose year over year. The...
