Banks financed more nonprime auto loans in the second quarter as more subprime borrowers enter the market and some ...

Sometimes it surfaces later, through charge-offs, early payment defaults and losses that suddenly hit the profit and loss statement. By the time those indicators appear, the exposure is already booked ...

Credit Acceptance Corp. cut 6% of its staff as the Southfield, Mich.-based lender restructures its sales department to prioritize developing dealer relationships. More than 50 employees were laid off ...

Malibu Boats’ dealer finance program is gaining traction as the manufacturer leans on financing and extended-service products ...

BRP Financial Services launched today with Octane-powered financing offers expected to drive additional sales.

Dealers might want to regularly update their online inventory listings and engage with more reviews to show up in AI search ...

Nissan Motor Acceptance Corp. has withdrawn its application to form an industrial bank, citing the process’ scope and ...

Auto Finance News is excited to announce that Richard Corthell, chief compliance officer at BMW Financial Services, will join ...

Carvana and Consumer Portfolio Services have announced new pricing structures for debts on their books, with Carvana saying ...

National auto interest rates for new and used vehicles ticked down in August, though vehicle affordability continues to weigh ...

Santander Consumer USA’s $2 million-plus lawsuit against dealership Crown Dodge is the latest example of increased scrutiny ...