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Lithia captive originations jump 26.4% YoY

Lithia Motors’ finance arm, Driveway Finance reported double-digit growth year over year in originations alongside higher

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  • April 23, 2025

FinBe CEO Scot Seagrave joins Auto Finance Summit East 2025 

Auto Finance News is pleased to announce that Scot Seagrave, chief executive of subprime auto lender

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  • April 23, 2025

Trump to exempt car parts from Tariffs on China imports, FT says

The Trump administration is considering reducing tariffs on auto parts ahead of a May 3 deadline

  • Bloomberg News
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Delinquencies, losses climb across securitized auto loans

Delinquencies and net losses were higher year over year in March across securitized prime and nonprime

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April powersports deals rise amid tariff uncertainty

While tariffs haven’t directly affected pricing on powersports equipment, they have led to increased incentives. Some

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  • April 22, 2025

Auto lobbying groups unite to pressure Trump for tariff relief

A coalition of leading automotive industry trade groups is calling on the Trump administration to ease

  • Bloomberg News
  • April 22, 2025

Santander seeks to split motor finance business from UK unit

Banco Santander SA is planning to reorganize its UK operations in a move that would split

  • Bloomberg News
  • April 22, 2025

Wells Fargo appoints Kyalo interim auto chief risk officer

Wells Fargo earlier this month appointed Joseph Kyalo as the bank’s new interim auto chief risk

  • Aidan Bush
  • April 21, 2025

Credit Union Auto Lending Surges

David Thompson

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