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Higher losses prompt rating downgrades on subprime securitizations 

S&P Global has again lowered its ratings on a 2022 Flagship Credit Acceptance auto securities transaction

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EV sales up 11%

Elevated discounts and higher levels of leasing pushed EV sales to a record in the second

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US inflation broadly cools, bolstering case for Fed rate cut

US inflation cooled broadly in June, driven by a long-awaited slowdown in housing costs and providing

  • Bloomberg News
  • July 11, 2024

ATPs tick up sequentially in June amid price pressures  

New-vehicle average transaction prices edged up slightly in June on a sequential basis but remained lower

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Credit availability worsens YoY 

Access to auto credit worsened month over month and year over year in June, marking the

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  • July 10, 2024

Big Wheels: Motor vehicle, parts establishments grow by 1% 

The number of motor vehicle and parts dealer establishments continued an upward trajectory in the fourth

  • Amanda Harris
  • July 10, 2024

Hyundai Capital America’s Cui is Women in Auto Finance keynote speaker at AFS 2024 

The Auto Finance News team is pleased to announce that Ting Cui, executive director of corporate

  • Amanda Harris
  • July 10, 2024

CFPB orders $20M in penalties against Fifth Third 

Fifth Third Bank faces $20 million in penalties after the Consumer Financial Protection Bureau today issued

  • Amanda Harris
  • July 9, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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