Nonprime auto lending grows to 31.6% of market in Q1
Subprime auto retailers reported year-over-year sales increases, while banks lent more YoY to lower-credit borrowers in the first quarter as ...
Tag: subprime financing
Affordability challenges drive losses higher on securitized nonprime loans
The auto asset-backed securitization market is showing signs of resilience, but investors and issuers continue to navigate bifurcation between prime ...
Western Funding opens lending to all credit tiers
Western Funding is expanding into full-spectrum lending and loan purchases as it aims to grow its dealer base and portfolio in 2026. The ...
Competition heats up for underserved consumers in auto
Competition is increasing for auto lenders who serve consumers with thin credit or who don’t qualify for traditional credit. Financiers’ interest in serving ...
Inside Lendbuzz’s plan to boost originations by 20%
AI-driven auto lender Lendbuzz is projecting a rise in originations in 2026 as it expands its near-prime consumer base and leans on alternative ...
Marohn named CEO of Edge Financial Services
Industry veteran Doug Marohn on March 16 was named chief executive of 1803 Capital, which does business as Edge Financial Services. Marohn has more ...
Podcast: Iran war spurs economic uncertainty for auto finance industry
The auto finance industry continues to navigate heightened economic uncertainty as the Iran war drives oil prices higher, adding pressure to consumers already facing ...
Warburg eyes $2.5 billion-plus sale of auto lender Exeter
Warburg Pincus is in the early stages of weighing a sale of subprime auto lender Exeter Finance that could fetch ...
