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Auto Finance News
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Manheim Used Vehicle Index falls 12.1% 

Wholesale used-vehicle values declined month over month and year over year in May, but used-vehicle sales

  • Ash Savage
  • June 7, 2024

Axis Auto homeowner loan apps up 47% as credit tightens

Homeowners pose an opportunity for auto lenders in the Canadian market as tightened credit standards and

  • Amanda Harris
  • June 7, 2024

Insurance costs burden nonprime borrowers 

FORT WORTH, Texas — Rising insurance costs are burdening consumers, making it more difficult for borrowers

  • James Van Bramer
  • June 7, 2024

Strong US payrolls and wage growth push back bets for Fed cuts

US job growth surged in May and wages accelerated, prompting traders to push back the expected

  • Bloomberg News
  • June 7, 2024

Under the Hood: Fintech investments top $1B 

Venture capitalists have pumped $1 billion of capital into auto fintechs through May, nearly double last

  • Marcie Belles
  • June 6, 2024

Rise in leasing poses higher costs for lenders 

FORT WORTH, Texas — Leasing volume has steadily increased, which could lead to higher costs for

  • James Van Bramer
  • June 6, 2024

Compliance critical as regulators scrutinize auto pricing policies 

Increased scrutiny of pricing and underwriting practices means auto lenders should closely review their portfolios, underwriting

  • Ash Savage
  • June 6, 2024

Lendbuzz secures $100M from Japan’s largest bank

AI-driven subprime auto lender Lendbuzz has secured a $100 million credit facility with the Mitsubishi UFJ

  • Ash Savage
  • June 5, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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