Subprime auto bonds hit by skipped payments, falling used-car values
Subprime auto loan borrowers are increasingly falling behind on payments, and the value of used cars is dropping, two trends ...
Subprime auto loan borrowers are increasingly falling behind on payments, and the value of used cars is dropping, two trends ...
Demand for auto loans again weakened in the third quarter as banks’ auto credit standards remained unchanged amid tightened standards ...
Rising interest rates, inflationary pressures and supply chain challenges contributed to dampened auto loan production in the third quarter as ...
Automation fintech Open Lending’s certified loan volume decreased for the second consecutive quarter in Q3 following six quarters of growth. ...
Used-vehicle values plummeted year over year in October in tandem with used-retail sales and consumer confidence. The Manheim Used Vehicle ...
Last week, third-quarter earnings began wrapping up and coverage from the Auto Finance Summit continued, with Capital One Auto Finance, ...
Auto lender e-contracting adoption increased year over year despite overall volume reaching its lowest numbers for 2022. E-contracting grew 60% ...
Canada’s Ritchie Bros. Auctioneers Inc. agreed to buy US auto retailer IAA Inc. in a cash and stock transaction worth ...