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Hertz gets forbearance from lenders in bid to avert bankruptcy

Hertz Global Holdings Inc. reached an eleventh-hour pact with lenders to give the struggling rental-car company

  • Bloomberg News
  • May 5, 2020

Fed: Big banks tighten credit standards on auto loans

Eight major banks tightened auto loan underwriting standards in the first quarter, according to the Federal

  • Nicole Casperson and Joey Pizzolato
  • May 4, 2020

American Honda sales drop 54% in April, Hyundai close behind

Major automakers have reported sales declines of up to 54% for April alone, according to monthly

  • Nicole Casperson and Joey Pizzolato
  • May 4, 2020

Lenders accelerate e-commerce biz via Vroom [Spotlight]

COVID-19 has spurred some of the nation’s largest auto financiers to accelerate adoption of an e-commerce

  • Nicole Casperson
  • May 2, 2020

CFPB: Auto loan apps drop 52% in March

Auto loan applications dropped 52% between the first and last week of March, with the COVID-19

  • Nicole Casperson and Joey Pizzolato
  • May 1, 2020

Weekly Wrap: GDP contraction signals recession, lenders stock up on cash [Video]

This week, news of a 4.8% contraction in the nation’s gross domestic product in the first

  • Joey Pizzolato
  • May 1, 2020

‘Fire sale’ of Hertz rentals poses risk to broader auto sector

The already-reeling used-vehicle market is hanging in the balance as Hertz Global Holdings Inc. negotiates with

  • Bloomberg News
  • May 1, 2020

Volkswagen Financial revenue up despite origination drop

Volkswagen Financial Services reported a drop in originations in North America, even though “the region didn’t

  • Nicole Casperson and Joey Pizzolato
  • April 30, 2020

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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