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KKR scoops up auto loan portfolio as regional banks shed assets

Private equity giant KKR & Co. has purchased a portfolio of prime auto loans from Georgia-based

  • Bloomberg News
  • August 9, 2023

NY judge pauses CFPB case against Credit Acceptance Corp.

A Consumer Financial Protection Bureau lawsuit against subprime auto lender Credit Acceptance Corp. is on hold

  • Amanda Harris
  • August 8, 2023

Lucid vehicle production declines 6% QoQ

Luxury EV manufacturer Lucid Motors posted a sequential decline in production during the second quarter but

  • Riley Wolfbauer
  • August 8, 2023

The fuss about junk fees: Biden, CFPB, FTC collaborate

Anyone who has financed the purchase of a product or service, had a bank account, bought

  • Jim Sandy, McGlinchey
  • August 8, 2023

NMAC penetration rate climbs to 63%

Nissan Motor Acceptance Co.’s penetration rate improved in the company’s fiscal first quarter as Japanese automaker

  • Amanda Harris
  • August 7, 2023

Podcast: ‘Weekly Wrap’ discussion on subprime earnings

Subprime auto lenders posted mixed second-quarter earnings last week as credit tightened amid ongoing interest rate

  • Joey Pizzolato
  • August 7, 2023

Big Wheels: Used-vehicle values decrease 2% in July

Wholesale used-vehicle values declined on a month-over-month basis for the fourth straight month in July following

  • Riley Wolfbauer
  • August 7, 2023

Tesla replaces CFO as Kirkhorn ends 13 years at the EV maker

Tesla Inc. said Chief Financial Officer Zachary Kirkhorn stepped down after 13 years at the company,

  • Bloomberg News
  • August 7, 2023

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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