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News Feed

Ally Financial cuts 2% of workforce 

Ally Financial today announced companywide layoffs as the financier looks to simplify its leadership and organizational

  • Amanda Harris
  • November 4, 2025

Credit unions gain share in new-vehicle financing as captives’ share dips

Credit unions saw the highest market share gain for new-vehicle loan originations in the third quarter

  • Truth Headlam
  • November 3, 2025

GM Financial’s digital tools target ‘three key personas’

GM Financial is tailoring AI and digital tools differently to match the distinct needs of consumers,

  • Aidan Bush
  • November 3, 2025

Another subprime lender, Bayside Credit, stops originating loans 

Irvine, Calif.-based auto finance company Bayside Credit is no longer originating auto loans, representatives for the

  • Amanda Harris
  • October 31, 2025

Lenders name four underwriting focus areas in 2026 

Auto lenders are eyeing data use, improved decisioning, falling interest rates and strategic growth headed into

  • Truth Headlam
  • October 31, 2025

CAC originations fall 16.5% 

Credit Acceptance Corp.’s originations decreased in the third quarter as the subprime lender faces increased competition

  • Amanda Harris
  • October 31, 2025

Chase Auto takes ‘cycle-resilient’ approach to dealer relations

Auto lenders keep in regular contact with dealers, building long-term relationships to weather market uncertainty and

  • Aidan Bush
  • October 31, 2025

Carvana originations jump 59%, Ally Financial agreement upsized 

Carvana’s originations jumped 58.8% year over year in the third quarter and the retailer extended and

  • Amanda Harris
  • October 30, 2025

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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