Vehicle Sales
AFN Composite Index
Consumer Sentiments
SOFR
APR 48 Mos.
Subprime borrowers are struggling to meet subprime auto lenders’ existing credit standards as vehicle prices rise and consumers struggle to make monthly payments. Bedford, Texas-based subprime lender SameDay Auto Finance’s payment-to-income (PTI) ratio has held steady and its approval rate stayed flat year over year at 20% in the first quarter, Chief Executive Russell Warden […]
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Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
Auto lenders are looking to strengthen relationships to bolster dealer profitability amid uncertainty, margin compression and shifting consumer behavior. Auto financier Santander Bank’s dealer commercial services strategy focuses on...
David Thompson
David Thompson
David Thompson
