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Auto Finance News
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Toyota quarterly profit climbs on weak Yen, strong US sales

Toyota Motor Corp.’s profit climbed in the latest quarter after a weak yen and robust demand

  • Bloomberg News
  • August 1, 2024

AutoNation originations surpass $240M 

AutoNation Finance’s originations increased year over year in the second quarter but cyberattacks against dealership software

  • James Van Bramer
  • July 31, 2024

CPS originations up 36% year over year 

Consumer Portfolio Services’ originations grew in the second quarter while credit performance weakened. The Irvine, Calif.-based

  • Amanda Harris
  • July 31, 2024

Octane appoints CFO as first president 

Powersports lender Octane today appointed Chief Financial Officer Steven Fernald to serve as the company’s first

  • Ash Savage
  • July 31, 2024

Powell says Fed could cut rates ‘as soon as’ September meeting

Federal Reserve Chair Jerome Powell said an interest-rate cut could come as soon as September after

  • Bloomberg News
  • July 31, 2024

Stellantis offers US employees buyouts in new round of job cuts

Stellantis NV will offer voluntary buyouts to US employees as the carmaker looks to cut costs

  • Bloomberg News
  • July 31, 2024

Net losses rise across prime, nonprime auto ABS 

Credit performance across prime and nonprime securitized auto loan pools continued to weaken in June, driven

  • Amanda Harris
  • July 30, 2024

Big Wheels: Used-vehicle values fall 6% YoY 

Used-vehicle values decreased year over year in July after trending downward since April but ticked up

  • James Van Bramer
  • July 30, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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