Risk Management
Banks to decrease reserve balances through yearend
Major domestic banks are pumping the brakes on increasing reserve balances in the fourth quarter amid improving macroeconomic conditions. Nearly...
Vehicle interest rates fall to lowest since 2017
National vehicle interest rates haven’t been this low since August 2017, with year-over-year declines each month in 2020 through November....
PNC eyes footprint expansion with BBVA acquisition
Photographer: Christopher Dilts/Bloomberg PNC Financial Services has set its sights on expanding its footprint with its...
Black Friday: OEMs open pocketbooks
It’s a great time to find the perfect gift on four wheels. Black Friday deals on cars have started, leading...
New-vehicle sales estimates notch up in November
New-vehicle sales continue to claw back toward pre-pandemic levels. Total new-vehicle sales are estimated to reach 1.24 million units in...
Weekly Wrap: A budding leasing trend and the state of auto ABS
Last week, the Auto Finance News team highlighted an uptick of low-mileage lease options as consumers change their driving habits,...
NMAC simplifies incentives in support of OEM
Nissan Motor Acceptance Corp. has simplified its incentive program as Nissan Motor Co. works to refocus its U.S. business. Through...
Ally exec: Pandemic fuels service contract revenue growth
Mark Manzo, president of insurance, Ally Financial Consumers are favoring service contracts more than ancillary products...
