July Beige Book: Tightened inventory to deter sales growth
A squeeze in vehicle inventories could affect budding car sales across the U.S. following pandemic-spurred shutdowns, the Federal Reserve System ...
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PNC pumps up allowance for credit losses amid reduced delinquencies
PNC Financial Services is ratcheting up its allowance for credit losses amid the industrywide trend of dwindling delinquency rates in ...
Repo agencies unprepared for fall auto default surge
Auto repossessions are expected to surge above pre-pandemic levels as lender deferral programs begin to peter out in the coming ...
NMAC CEO: No matter the crisis, consistency is key [Spotlight]
Three months into the spread of the global coronavirus pandemic, the auto industry has seen record changes across the board: ...
Online lending growth spurs need for heightened fraud-prevention efforts
Enhanced online lending is a natural outgrowth of the COVID-19 pandemic. In the past few months, online lenders have stepped up operations and expanded their digital ...
What’s luring fintechs into auto lending?
In the past month, fintechs Upgrade and Upstart announced plans to branch out from unsecured personal loans into auto finance, ...
BMW, Daimler look to EV market to recover sales
BMW Group and Daimler AG have their sights set on the sustainability of the electric vehicle market, despite vehicle sales ...
June used-vehicle values reach record high amid pandemic
Used-vehicle values have climbed to a record high in June from a historic plunge in April, according to Manheim’s monthly used-vehicle value index, which rose ...
