Carvana originations rise 29%
Carvana earnings exceeded expectations in the first quarter as originations increased 29.3% year over year and retail sales strengthened. Originations ...
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AI, underwriting, dealer relations: 3 themes at Auto Finance Summit East
NASHVILLE — Artificial intelligence, machine learning, e-contracting and digital retailing have become core to improving customer experiences and gaining efficiencies ...
Stellantis NV North America sales drop 20%
Stellantis NV’s sales and shipments decreased in North America during the first quarter as the company scaled back production. The ...
Fed cites lack of progress on inflation, holds rates steady
The Federal Reserve signaled fresh concerns about inflation while indicating it was likely to keep borrowing costs elevated for longer ...
CACC originations rise 24%
Subprime lender Credit Acceptance Corp.’s origination volume grew on a dollar and unit basis in the first quarter as the ...
Credit union repo assignments on the rise
Repossession agencies are receiving more assignments from credit unions as delinquencies rise nationwide. Houston-based Automobile Recovery Bureau has seen more ...
Off the lot: Visualizing the future of customer communication
No way around it, this is a tough market. Interest rates have been higher for longer, putting pressure on margins, ...
Westlake offers fleet financing to DriveItAway dealers
Westlake Financial Services is offering fleet financing for dealers that have signed on to mobility platform DriveItAway’s subscription-to-own model. ...
