Consumer Portfolio Services’ originations fall 20.7%
Consumer Portfolio Services’ originations declined in the fourth quarter and the full year as the financier prioritized margins and credit health. The ...
Tag: subprime financing
Podcast: Higher gas prices, interest rates add to affordability woes
Despite a rise in subprime financing share in the fourth quarter of 2025, affordability remains a key focus for auto ...
FinBe USA stops originations following sale to Generosity Lending
Lender FinBe USA is no longer originating auto loans following its sale by Bepensa Capital at the end of 2025, prompting some layoffs. Mexico City-based Bepensa announced on Dec. 26, 2025, that it ...
Credit Acceptance Corp.’s originations fall 9.1%
Credit Acceptance Corp.’s originations declined in the fourth quarter as the company eyes growth with franchise and large independent dealers alongside AI ...
CAC former CEO Ken Booth says tech, disciplined approach are key
In Ken Booth’s more than 20 years at Credit Acceptance Corp., he has focused on technology enhancements, portfolio growth, and ...
Auto delinquencies rise 88 bps across securitized nonprime loans
Early-stage delinquencies rose across prime and nonprime securitized auto loans in October, while net losses improved, and auto asset-backed securitization ...
Flagship Credit sold to investment firm InterVest
Auto lender Flagship Credit Acceptance today announced an agreement to sell the business to specialty finance investment firm InterVest Capital Partners and will be ...
Prestige Financial Services stops originations
Prestige Financial Services on Nov. 20 will cease originations activity, according to an email the company is circulating to dealerships and that was obtained by Auto Finance News today. The email ...
