Sky Auto Mall owners file for bankruptcy amid $18M floorplan fraud lawsuits
Facing lawsuits from captives Ford Credit and Stellantis Financial Services and allegations of double-pledging, the owners of dealership group Sky ...
Facing lawsuits from captives Ford Credit and Stellantis Financial Services and allegations of double-pledging, the owners of dealership group Sky ...
Auto lenders must embrace AI-based tools and provide transparency to attract and retain younger talent. Gen Z employees have “never ...
Ford Credit’s lease penetration normalized in the fourth quarter amid lower lease returns and higher credit losses. Dearborn, Mich.-based Ford ...
The establishment of industrial banks by Ford Credit and GM Financial is expected to lead to lower funding costs, netting a credit positive for the captives. The industrial loan ...
GM Financial and Ford Credit are one step closer to forming industrial banks following approval this week from the FDIC and Utah Department of Financial Institutions. ...
The auto finance industry has experienced diverse challenges this year including turbulent sales, shifting consumer demands, rising fraud, unexpected surges ...
Ford Credit’s leasing share picked up in the third quarter as its U.S. portfolio increased, but finance penetration declined. The ...
MIAMI — Auto lenders that target consumers across the credit spectrum are under a microscope following Tricolor Auto’s Chapter 7 ...