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Westlake Serves Up Largest-Ever Securitization
Westlake Financial Services issued an $800 million asset-backed securitization on Monday backed by $860 million of automotive loans, marking the...
Used Cars, Incentives Propel Originations at Southeast Toyota Finance
Southeast Toyota Finance saw a 5% year-over-year rise in total originations in the second quarter, thanks to “attractive incentives” and...
LendingTree Ups Marketing Strategy to Promote Online Platform
LendingTree is strengthening marketing efforts to promote its powersports finance platform, Marketing Manager Mike Ouyang told Powersports Finance. LendingTree launched a...
Speed Leasing Nears Dealer Goal 4 Months After Launch
Speed Leasing LLC is “feverishly” approaching its goal of having 100 dealers in its network by month’s end, thanks --...
Used-Vehicle Depreciation Surges Amid Rising Incentives, Leasing, Repos
The used-vehicle depreciation rate has doubled since 2014 as new vehicles continue to flood the market, a record number of...
Maven Might Expand Dealership Pilot Program
Maven, the mobility unit owned and operated by General Motors Co., may be looking into expanding its dealership pilot program,...
Fintech Startup Pursues Captive Partners for Loan Engine
Fintech startup SuperMoney is scouting captive partners, after launching its auto loan vertical this week with 20 direct lenders and...
3 Best Practices for Training Debt Collectors
Auto loan delinquency rates are at the highest level since the 2007 financial crisis, which is why auto lenders are...
