Short-term delinquencies are rising as access to credit remains restricted and high monthly payments continue to put pressure on consumers. The percentage of auto loan balances...
Canadian powersports maker Bombardier Recreational Products’ North American retail sales declined year over year in the first quarter as tight macroeconomic conditions continue to pressure profitability....
Synchrony Financial is investing in training its employees in emerging technologies, with a focus on AI and automation. Training options include “technology certifications mapped to critical...
Lenders, dealers and aftermarket suppliers face increased regulatory oversight that will require collaboration to streamline processes and remain compliant. Financial and insurance (F&I) products represent approximately...
TD Auto Finance’s auto portfolio grew during the second quarter as credit performance increased pressure on consumers. TD Auto’s outstanding balances reached $30.3 billion in the...
Consumers are backing away from buying homes, in part because they have too much money tied up in auto loans. Existing home sales fell in March...
Buy now, pay later Lenders such as Block Inc.’s Afterpay, Affirm Holdings Inc. and Klarna Bank AB should be treated somewhat like credit card providers, according...
Axis Auto Finance’s auto originations continued to fall in the third quarter as the lender tightened credit and prepared to sell. Auto originations fell 45.1% sequentially...
Synthetic identity fraud contributed to an estimated $7.9 billion in fraud exposure across the auto finance sector in 2023, fueled by affordability concerns as fraudsters employed...
