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CACC originations rise 24%
Subprime lender Credit Acceptance Corp.’s origination volume grew on a dollar and unit basis in the first quarter as the...
Credit union repo assignments on the rise
Repossession agencies are receiving more assignments from credit unions as delinquencies rise nationwide. Houston-based Automobile Recovery Bureau has seen more...
Off the lot: Visualizing the future of customer communication
No way around it, this is a tough market. Interest rates have been higher for longer, putting pressure on margins,...
Westlake offers fleet financing to DriveItAway dealers
Westlake Financial Services is offering fleet financing for dealers that have signed on to mobility platform DriveItAway’s subscription-to-own model. ...
Podcast: ‘Weekly Wrap’ on earnings, sales
First-quarter earnings continued to bring mixed results as vehicle sales slowed in April. Capital One’s auto outstandings decreased 3.7% year...
Capital One originations increase more than 20%
Capital One Auto Finance’s originations grew in the first quarter following several quarters of year-over-year declines. Originations totaled $7.5 billion,...
Exponential Used Vehicle Index declines 11%
Used-vehicle values continue to trend downward from 2022’s peak levels but are outpacing pre-pandemic levels. Used-car values remained unchanged from...
April new-vehicle sales expected to tick down 2%
U.S. new-vehicle sales are projected to decline in April while the seasonally adjusted annual rate is expected to finish above...
