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FTC refunds nearly $1M to Vroom consumers
The FTC is issuing more than $934,000 in refunds to consumers who bought a vehicle from Vroom following a July...
Undocumented subprime borrowers pose risk to Wall Street
Marcelo Rodriguez is in the middle of a chain of lending that has connected Wall Street to New York’s Spanish-speaking...
Li Auto revenue goal misses estimate as competition heats up
Li Auto Inc. forecast first-quarter earnings that missed analyst estimates amid intensifying competition in China, the world’s largest automobile market....
GM appoints Turovsky as first chief AI officer
Barak Turovsky, GM Barak Turovsky has joined General Motors as its first chief AI officer, according to a post shared...
Insurers back private credit, compete with banks
Insurance companies are investing in auto finance amid an abundance of capital and an interest in private credit investment but...
Rate of 60-day delinquencies up, but slowing
Auto delinquencies continued to rise year over year in the fourth quarter, but the pace has stabilized. The percentage of...
Tax Refund Season is Here—Is Your Dealership Ready to Handle the Surge?
Tax refund season is here. For auto dealerships, the time brings a significant opportunity to boost revenue. Late Q1 and...
Funding diversification key to auto lenders
Auto lenders are tapping diverse funding sources to establish a capital base that supports origination growth and long-term relationships with...
