CarMax Auto Finance to Extend Subprime Pilot, CFO Says
CarMax Auto Finance’s subprime test pilot originated $72.2 million of receivables through Feb. 28, exceeding the company’s original pledge of ...
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Pelican Auto Finance Offers Service Contracts to Keep Borrowers in Cars
Deep subprime lender Pelican Auto Finance LLC has picked AUL Corp. to provide service contracts to its borrowers, who typically ...
Ally Shows ‘Human Side’ of Auto Business in New Campaign [VIDEO]
Ally Financial Inc. is showing dealers “the human side of the auto business” in a new advertising campaign, the company ...
Majority of Uber Drivers Work Only to Pay Auto Loans, Exec Says
Almost half of all Uber drivers are working only to pay their car loans, according to Gus Fuldner, head of ...
FTC Issues $2.6 Million Fine Against Auto Dealers, Payment Companies
The Federal Trade Commission yesterday issued more than $2.6 million in monetary judgments against four dealerships, billing service National Payment ...
A Shift in Consumer Behavior is Coming to Auto Finance, Industry Experts Say
ORLANDO, Fla. -- A shift in consumer behavior is coming for both auto lenders and dealers when dealing with car ...
S&P Seeks Comment on Evaluation of Captive Risk
Standard & Poor’s Ratings Services is requesting comment on its proposed methodology for assessing how captive finance operations affect the ...
Equifax Economist Defends Subprime Auto
Dennis Carlson, deputy chief economist at Equifax, is the latest industry analyst to defend subprime auto from accusations of being a ‘bubble’ ...
