Auto Finance News
@AutoFinanceNews
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The news that drives the industry. FOLLOW and keep up with #innovations in automotive lending and leasing. #AutoFinanceNews
New York, NY
Joined April 2009
The end of the government shutdown this week could have a positive effect on the auto industry following lower consumer sentiment and new-car sales in October.
autofinancenews.net
The end of the government shutdown this week could have a positive effect on the auto industry following lower consumer sentiment and new-car sales in October. The 43-day government shutdown, the...
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LAS VEGAS — RV retailers are bullish on the industry going into 2026 despite declining new and used RV registrations through most of this year. https://t.co/NWDlOhXeAX
autofinancenews.net
LAS VEGAS — RV retailers are bullish on the industry going into 2026 despite declining new and used RV registrations through most of this year. Registrations for new RVs from January to September...
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Volkswagen Financial Services will lean further into leasing in 2026 and support dealers through the transition of retail to Wells Fargo. #autofinance #autoindustry #leasing
autofinancenews.net
Volkswagen Financial Services will lean further into leasing in 2026. Ernst Jan van Eijkelenburg, president and chief executive for VWFS and region manager for the North American Region, told Auto...
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Ally Financial has improved employee retention, increased promotion rates and encouraged engagement from team members and management through its employee resource groups.
autofinancenews.net
Ally Financial has improved employee retention, increased promotion rates and encouraged engagement from team members and management through its employee resource groups. Employee resource groups...
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RV dealers and lenders are seeing more diversity in income, age and ethnicity within its consumer base https://t.co/H7appbQEwJ
autofinancenews.net
LAS VEGAS — RV dealers and lenders are seeing more diversity in income, age and ethnicity within its consumer base RV consumers aged 55 or older are “really growing over the last year,” Shannon...
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Auto finance lenders, dealers and consumers facing affordability and credit performance challenges are proving resilient. Read our latest feature diving into highlights from #AFS25 #autofinance #autoindustry
https://t.co/LOmdZoXlBD
autofinancenews.net
Auto finance lenders, dealers and consumers facing affordability and credit performance challenges are proving resilient. This picture of resiliency prevailed at the recent Auto Finance Summit,...
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Shape the conversation at Auto Finance Capital Summit 2026. Speaker submissions now open. Learn more: https://t.co/IfCmTB7j6d
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Consumer Portfolio Services’ originations decreased in the third quarter due in part to credit tightening. #autofinance #autoindustry #earningsseason #subprime
https://t.co/KjI0TYwYzr
autofinancenews.net
Consumer Portfolio Services’ originations decreased in the third quarter due in part to credit tightening. The subprime lender’s purchased contracts, or originations, totaled $391.1 million in Q3,...
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The Consumer Financial Protection Bureau may run out of funds to operate in early 2026 after the Department of Justice’s Office of Legal Counsel determined the agency cannot request funds from the Federal Reserve. #autofinance #autoindustry #compliance
https://t.co/rJcXLiJSTh
autofinancenews.net
The Consumer Financial Protection Bureau may run out of funds to operate in early 2026 after the Department of Justice’s Office of Legal Counsel determined the agency cannot request funds from the...
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Porsche Financial Services‘ latest loan securitization was its smallest since the captive reentered the ABS market in 2023, yet the loans backing the trust’s securities have grown 35%. #autofinance #autoindustry #autoabs
https://t.co/3ZsB42V0Pw
autofinancenews.net
Porsche Financial Services‘ latest loan securitization was its smallest since the captive reentered the ABS market in 2023, yet the loans backing the trust’s securities have grown 35%. Despite these...
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Pagaya Technologies' auto run rate rose 10% quarter over quarter to $2.2 billion in Q3, backed by strong investor demand and a $500 million Castlelake funding deal. 🔗 Read the full story and explore more Q3 data at Auto Finance News: https://t.co/22qqqVJBpP
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Vroom subsidiary United Auto Credit Corp.’s indirect originations increased in the third quarter as the lender’s portfolio shrank due to amortization. #autofinance #autoindustry #earningsseason
https://t.co/gQh1c32WSH
autofinancenews.net
Vroom subsidiary United Auto Credit Corp.’s indirect originations increased in the third quarter as the lender’s portfolio shrank due to amortization of the legacy portfolio. United Auto Credit...
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Pagaya Technologies’ auto book grew in the third quarter as it secured more money to grow originations in a reflection of strong investor sentiment. #autofinance #autoindustry #ai #fintech #earningsseason #autoABS
https://t.co/XcN9DqJnZv
autofinancenews.net
Pagaya Technologies’ auto book grew in the third quarter as it secured more money to grow originations in a reflection of strong investor sentiment. The AI-driven fintech’s annualized run-rate for...
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Retail marine sales continued to wane in September and October alongside declining wholesale RV values as powersports segments enter their off-season. #powersports
https://t.co/YfAronwkG3
autofinancenews.net
Retail marine sales continued to wane in September and October alongside declining wholesale RV values as powersports segments enter their off-season. Of 58 marine retailers surveyed, around 48%...
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Auto retailers and fintechs mostly reported growth in the third quarter amid mixed October retail sales and some layoffs. #autofinance #autoindustry
https://t.co/DNjNibmzj1
autofinancenews.net
Auto retailers and fintechs mostly reported growth in the third quarter amid mixed October retail sales and some layoffs. CarMax named David McCreight as its interim president and CEO, replacing...
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Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his fortune on, when his phone lit up. It was a banker at JPMorgan Chase. #bankruptcy #autofinance #autoindustry #autofraud
autofinancenews.net
Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his fortune on, when his phone lit up. It was a banker at JPMorgan Chase, the firm that had lent hundreds of...
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Automakers saw mixed sales across internal combustion engine vehicles and EVs in October, the first month since the elimination of the federal EV tax credit. #AutoFinance #Sales #EVs
https://t.co/sgVoLD4JTs
autofinancenews.net
Automakers saw mixed sales across internal combustion engine vehicles and EVs in October, the first month since the elimination of the federal EV tax credit. Kia America delivered record October...
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Auto Finance News is pleased to launch an API that provides structured access to the datasets behind Big Wheels’ data visualizations. #BigWheels #AutoFinance #API
https://t.co/IiT83j2UDx
autofinancenews.net
Auto Finance News is pleased to launch an API that provides structured access to the datasets behind Big Wheels’ data visualizations. The API aggregates and standardizes data from multiple sources...
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Open Lendings certified loan volume decreased in the third quarter as the automation fintech tightened underwriting and prepared to roll out a new credit decisioning platform. #autofinance #autoindustry
https://t.co/ZAmrvuxEd7
autofinancenews.net
Open Lending’s certified loan volume decreased in the third quarter as the automation fintech tightened underwriting and prepared to roll out a new credit decisioning platform. Open Lending’s total...
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Auto lenders are tightening their risk parameters, a dynamic that could slow down sales for some market segments and contribute to higher depreciation as used-vehicle values declined in October. #autofinance #autoindustry
https://t.co/hsqL11by3u
autofinancenews.net
Auto lenders are tightening their risk parameters, a dynamic that could slow down sales for some market segments and contribute to higher depreciation as used-vehicle values declined in October. ...
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