Average monthly new-vehicle loan payment hits $761 in June
Consumers are slowing purchases and auto lenders are tightening credit standards as auto loan delinquencies and monthly payments continue to ...
Tag: credit performance
Off the Lot: Reflecting on 2024 predictions, eyeing 2025
Happy New Year to Auto Finance News subscribers. This is the first anniversary issue of “Off the Lot.” Last January, ...
Credit Acceptance Corp. originations climb 17.7%
Subprime financier Credit Acceptance Corp.’s origination volume posted double-digit growth year over year in the third quarter. Credit Acceptance Corp. ...
CPS application volume jumps 16% from yearend
LAS VEGAS — Subprime lender Consumer Portfolio Services’ application volume is up nearly 16% compared with yearend 2023 despite a ...
Podcast: ‘Weekly Wrap’ on loan production, inflationary pressures
The auto finance industry is showing slight improvements in affordability and loan production while worsening credit performance and inflationary pressures ...
Industrywide originations dip 1% amid affordability challenges
Affordability and inflation headwinds that affected origination volumes at the end of 2023 continued to pose challenges for auto players ...
Lendbuzz retrains credit models as expansion sees defaults double
AI-based auto lender Lendbuzz’s default rate doubles when the lender expands into a new region, prompting updates to the financier’s ...
CPS prioritizes servicing and collection efforts as DQs rise
Consumer Portfolio Services is focusing on building its servicing and collections practices as the company works to get ahead of ...
