Auto lenders tighten standards as nonprime, prime delinquencies up
Subprime auto lenders are tightening credit standards as delinquencies rise, in part from delayed calls to repossess vehicles or slower ...
Tag: sameday auto finance
Auto lenders use AI, machine learning to track borrower habits
Auto lenders are eyeing automated tools and AI for information on borrowers’ habits and repayment history. Tysons, Va.-based PenFed Credit ...
SameDay Auto Finance’s Armando Hidalgo joins Auto Finance Summit 2025
Auto Finance News is pleased to announce that Armando Hidalgo, director of servicing at SameDay Auto Finance, will join a ...
Tricolor exit could have ripple effect on small subprime lenders
As two subprime lenders are pausing or shuttering business, lenders say the success gap between small- and large-scale lenders may ...
Subprime lenders navigate ‘new normal’ with cautious optimism
Subprime lenders looking to regain momentum in 2025 are expressing measured optimism as they navigate consumer stress and uncertainty in ...
After slowdown, SameDay Auto eyes Q2 growth
SameDay Auto Finance expects originations to rise in the second quarter after a deliberate slowdown earlier this year to prioritize ...
Fed cut to influence vehicle affordability — eventually
While the Federal Reserve cut the federal funds rate on Sept. 18, it will take time for the impact of ...
SameDay Auto looks to double portfolio to $60M
SameDay Auto Finance aims to more than double its portfolio within the next two years, with plans to expand into ...
