Big Wheels: Outstandings hit record $1.2T despite slowdown
The auto finance market eked out 4.6% in growth in 2019, as loan and lease outstandings hit an all-time high ...
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GMF has $3.7B for potential residual value declines
GM Financial is gearing up for potential losses on off-lease residual values as the extent of the COVID-19 economic crisis’ ...
S&P: Payment extensions spike in March
Auto loan extensions spiked in March in one of the first tangible effects the COVID-19 pandemic has had on the ...
‘Fire sale’ of Hertz rentals poses risk to broader auto sector
The already-reeling used-vehicle market is hanging in the balance as Hertz Global Holdings Inc. negotiates with its creditors, a Benchmark Co. analyst ...
General Motors folds car-sharing service Maven
General Motors is shutting down its car-sharing service Maven just one month after suspending operations due to the impact of ...
Dealer woes spur negative floorplan ABS outlook
Dealers may not have the financial stability to repay floorplan credit lines as the COVID-19 economic crisis collapse vehicle sales ...
TALF-backed auto ABS deals unlikely until Q3
The auto industry might not see its first securitization backed by the Federal Reserve’s term asset-backed loan facility (TALF) until ...
Coronavirus curbs car-buying appetite [FEATURE]
Editor's note: This feature first appeared in the April issue of Auto Finance News, available now. As major auto lenders ...
