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CAC consumer loan assignment volume increases 26%
Subprime auto lender Credit Acceptance Corp. grew both the number and value of its consumer loan assignments in Q4 2022...
Subscription provider FINN launches fleet services
Car subscription provider FINN has expanded into business fleet subscriptions following a launch in the United States for individual vehicle...
Fed slows rate hikes, signals further increases are coming
The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials...
Cat Financial revenues jump despite drop in new business volume
Cat Financial, the finance subsidiary of equipment manufacturer Caterpillar, posted increased revenues despite declining new business volume thanks to favorable...
GM Financial originations climb, retail penetration falls
GM Financial bolstered its origination volume in the fourth quarter of 2022 despite retail penetration falling due to increased competition...
HyreCar allows higher-value cars for rent, increasing supply
Car-sharing marketplace HyreCar has unveiled a new platform that allows vehicle owners to list higher-priced cars for rent, a move...
Stricter GAP legislation coming to 4 states
Four states have enacted or are considering new legislation aimed at pinpointing who is responsible for providing refunds related to...
Affordability concerns expected to push out terms
New-vehicle prices have never been higher, and that doesn’t bode well for lengthening loan terms. Average transaction prices for new...
