Transitioning away from Libor
Libor, the London Interbank Offered Rate at which leading London banks borrowed from each other on a short term, unsecured ...
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Subprime credit spreads, murky Q3 outlook: Industry Pulse
Interest rates in the subprime credit tier have surpassed pre-COVID levels and are up more than a point on a ...
Total loss efficiency: 3 ways lenders can achieve faster resolutions
Automotive finance lenders have been feeling the impacts of COVID-19 on day-to-day business operations. Call duration is up. Resources remain ...
July used-vehicle values reach new record high
Used-vehicle prices continue to recover as inventory remains low. The July Manheim Used Vehicle Value Index sits at a record high of 158.0, a month-to-month increase ...
China car recovery gathers pace with July sales accelerating
A recovery in China’s car sales accelerated last month, signaling the world’s biggest auto market is emerging from a two-year ...
Carvana maintains tighter underwriting
Carvana is “continuing to maintain significantly tighter” underwriting standards than before the pandemic, Chief Executive Ernie Garcia III said during ...
JD Power to pay $135M for TrueCar’s ALG analytic service
Digital automotive marketplace TrueCar is selling its data analytics subsidiary ALG for $135 million to consumer intelligence company J.D. Power ...
CAC deferral rates better than pre-pandemic levels, CEO says
Credit Acceptance Corp.’s forbearance and deferral rates have dropped to below pre-pandemic levels after improving “pretty dramatically in May” and ...
