Tag: Weekly Wrap

The floorplan financing landscape is changing as inventory improves and dealerships consolidate in the face of elevated interest rates and ...

Late-stage delinquencies were on the rise in the second quarter as the Federal Reserve’s hawkish monetary policy continued to affect ...

Banks continued to tap the auto asset-backed securitization market last week to offload consumer debt amid shrinking deposits.  Fifth Third, ...

Vehicle affordability and credit access improved in July in a positive sign for the auto finance industry following months of ...

Electric vehicle OEMs last week posted mixed production volume as inventory continues to improve. Rivian Automotive EV deliveries jumped 59% ...

Subprime auto lenders posted mixed second-quarter earnings last week as credit tightened amid ongoing interest rate increases. Credit Acceptance Corp. ...

Captives’ second quarter earnings were mixed as rising interest rates push down origination volume and lenders pull back. GM Financial, ...

Banks continued pulling back on auto in the second quarter, with nearly every bank except Chase Auto posting year-over-year declines ...