Risk Management
Rising total loss claims: Growing threat to lenders, GAP providers (Off the Lot)
Rising vehicle repair costs, supply chain disruptions and shifting vehicle valuations are creating a perfect storm for lenders and GAP...
BNPL projected to affect credit scores by 10 points
As buy now, pay later use rises and that debt begins to be reported to credit agencies, the impact is...
Podcast: July 4 sparks 0% deals, Q2 sales robust
Second-quarter sales of new autos were mixed following a spike in March and April ahead of tariffs taking effect, while...
Nissan to sell ¥150 billion convertible bonds for recovery
Nissan Motor Co. plans to sell about $5 billion in debt to help fund Chief Executive Officer Ivan Espinosa’s turnaround...
Credit union losses tied to auto fraud reach $1.2B
Falsified income, employment and identities have caused credit unions to lose millions to fraud in the past three years. Credit...
Japan reiterates it cannot accept 25% car tariffs from US
Japan’s chief trade negotiator Ryosei Akazawa said the country can’t accept the US’s 25% tariffs on cars, adding that the...
Recurring US jobless claims jump to highest since November 2021
Recurring applications for US unemployment benefits rose to the highest since November 2021, extending a sharp increase over the past...
Bankruptcy filings up 13%, pose opportunity for subprime lenders
A steady increase in bankruptcy filings over the past three years poses a growth opportunity for subprime auto lenders. FinBe...
