Tag: Weekly Wrap

Auto lenders expect 2024 to be a year of growth driven by technology updates and loosening credit standards. Powersports sales ...

Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer ...

Rising costs and limited supply have created challenges for used-car retailers, evidenced by Vroom’s planned shutdown of its used-car sales ...

Elevated interest rates contributed to a competitive landscape that prompted some banks to slow auto lending activity in the fourth ...

Fourth-quarter earnings season kicked off with several banks reporting mixed results in auto originations as some tightened credit and others ...

Stricter federal tax credit requirements for electric vehicles have prompted price cuts, incentives, and dealer operation changes.   Fewer EVs qualify ...

Affordability and profitability were top of mind for auto lenders in 2023, and 2024 is set to be a year ...

Elevated interest rates and inflationary pressures have prompted auto lenders to tighten credit, leading credit unions to step back and ...