Risk Management
Podcast: CarMax replaces CEO, EV makers report Q3 growth as car sales mixed
Auto retailers and fintechs mostly reported growth in the third quarter amid mixed October retail sales and some layoffs. CarMax...
Prestige Financial Services reportedly lays off some staff
Lender Prestige Financial Services reportedly laid off several employees in early November, according to posts from former employees. The Draper,...
Used-vehicle values flat as auto interest rates rise in October
Auto lenders are tightening their risk parameters, a dynamic that could slow down sales for some market segments and contribute...
CarMax, eyeing improved profitability, finance penetration, replaces CEO
CarMax is searching for a new chief executive on the heels of decreased sales, wholesale business depreciation and a focus...
Auto 60-plus-day DQs up 4 bps
The growth rate of auto delinquencies slowed in the third quarter, while credit performance at banks may signal risk moving...
Savings-backed auto loan could cushion financial uncertainty (Under the Hood)
With consumer confidence dragging and cash-strapped shoppers expected to reel in holiday spending, an auto loan with a savings component...
Podcast: Lenders eye affordability, subprime finance as credit performance weakens
Auto lenders are homing in on key areas of underwriting to manage risk and grow in 2026 as the subprime...
2 landlords cut deals with Tricolor Holdings
Subprime auto lender Tricolor Holdings reached agreements with several landlords and an equipment financier in a preliminary hearing today. The...
