Nonprime losses jump 87 basis points in NovemberÂ
Nonprime credit performance across securitized auto loans worsened in November as prime performance saw slight deterioration, a pattern that experts...
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Auto lenders, dealers face heightened state enforcement as CFPB ex-Director Chopra advises attorneys generalÂ
Auto lenders and dealers should prepare for stricter state regulation as former Consumer Financial Protection Bureau Director Rohit Chopra seeks to enact his playbook with state attorneys general. The Progressive State Leaders Committee earlier...
Sale of Tricolor vehicles — worth $125M — to begin
In the first bankruptcy court hearing after the indictment of several Tricolor executives, Judge Michelle Larson allowed the sale of...
Built on tech: Sanjiv Yajnik, Auto Finance Executive of the YearÂ
Capital One’s auto finance business hinges on a technology-based approach defined by dealers’ needs — two elements core to who Sanjiv Yajnik, president of...
CarMax Auto Finance originations drop 9%
CarMax Auto Finance’s originations fell in the company’s fiscal third quarter amid rising inventory prices and slowing demand from some customer segments.  CarMax Auto Finance (CAF)’s originations decreased 9.3% year over year to $1.8 billion in...
DOJ indictment alleges Tricolor’s $2.2B fraud dates back to 2018
An indictment unsealed today for Tricolor former Chief Executive Daniel Chu and Chief Operating Officer David Goodgame reveals Tricolor’s alleged...
Ford EV $19.5B restructuring costs ‘manageable for company,’ Fitch saysÂ
Ford Motor’s costly restructuring plans that include refocusing its long-term investment in EVs are not expected to affect the company’s ratings, but might signal a wider industry shift toward hybrids, internal combustion engine vehicles and more affordable...
Stellantis Financial Services CFO Bennie Duck joins fireside chat at Auto Finance Capital Summit
Auto Finance News is pleased to announce that Bennie Duck, executive vice president and chief financial officer at Stellantis Financial Services, will join...
