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Auto Finance News
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News Feed

Under the Hood: Tech complexity spurs enhanced risk measures

Advances in digitalization and machine learning are sparking a need for lenders to revisit operational risk

  • Marcie Belles
  • February 22, 2024

Westlake-backed Axis Auto Finance explores sale

Toronto-based non-prime lender Axis Auto Finance is eyeing a potential merger or sale of the company.

  • Riley Wolfbauer
  • February 22, 2024

The big miss on electric cars is remaking Europe’s auto industry

Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper

  • Bloomberg News
  • February 22, 2024

High used-vehicle prices put continued pressure on LTVs

Elevated vehicle prices have continued to put pressure on used-vehicle loan-to-value ratios. LTVs for used vehicles

  • Riley Wolfbauer
  • February 21, 2024

Slowing EV sales growth prompts incentives, price cuts 

Slowing electric vehicle sales growth has spurred an uptick in EV incentives and continued price declines.

  • Amanda Harris
  • February 21, 2024

Capital One, Discover integration could cost $2.8B

Capital One announced its plans to acquire Riverwoods, Ill.-based Discover Financial Services and expects to spend

  • Whitney McDonald
  • February 21, 2024

Rivian cuts 10% of salaried staff as output forecast misses

Rivian Automotive Inc. revealed plans to cut 10% of its salaried workforce and set production guidance

  • Bloomberg News
  • February 21, 2024

Slumping EV prices force carmakers to repay leasing firms

Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla

  • Bloomberg News
  • February 21, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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