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Dimmitt Auto prioritizes leasing as finance dips
Dimmitt Automotive Group is shifting its focus to leasing as financing penetration dipped in 2023 and elevated interest rates prompted...
Toyota chairman predicts battery electric cars will only reach 30% share
Toyota Motor Corp. Chairman Akio Toyoda believes battery electric vehicles will reach at most 30% market share, with the rest...
Vroom, pressed for capital, shutters e-comm
Vroom is discontinuing its e-commerce and used-vehicle dealership businesses as the retailer faces ongoing liquidity challenges. The retailer on Jan....
Huntington chief technology and operations officer retires, and other staff moves …
Heller retires as chief technology and operations officer at Huntington Paul Heller Columbus, Ohio-based Huntington Bank announced the retirement of...
Podcast: ‘Weekly Wrap’ on mixed Q4 bank earnings
Elevated interest rates contributed to a competitive landscape that prompted some banks to slow auto lending activity in the fourth...
A new standard for excellence in US auto finance originations
Alfa, a pioneer in technology for automotive finance, has announced the introduction of Total Originations for the US auto finance...
Ally Financial’s originations rise 4%
Ally Financial continued to emphasize auto lending in the fourth quarter, leading to an uptick in originations driven by strong...
Fifth Third intentionally pulls back on auto
Fifth Third purposely slowed auto lending in the fourth quarter driven by elevated interest rates. The bank’s indirect secured consumer...
