Hertz to cut $6B in vehicle debt by year end, lawyer says
Hertz Global Holdings Inc. has struck a deal that will cut the debt it owes lenders who financed its rental ...
Tag: Coronavirus
CPS clocks improved credit performance as originations dip
Consumer Portfolio Services has seen an improvement in credit performance in the second quarter, largely due to unemployment benefits and ...
Consumer financial hardship slows in June
The number of auto loan accounts in financial hardship finally leveled off in June, according to TransUnion’s Monthly Industry Snapshot ...
US jobless claims rose last week for first time since March
U.S. jobless claims rose last week for the first time since March, the clearest sign yet of a pause in ...
Surviving economic hairpin turns
Following a decade of continuous job creation that boosted the financial standing of all consumers — especially those with subprime ...
Pulse of the Industry: Captives command over 50% of new-vehicle financing
Captive finance companies are eating up market share for new-vehicle financing as a result of aggressive 0% APR financing incentive ...
Q2 powersports sales strong despite low inventory
The coronavirus pandemic spurred powersports sales in the second quarter, but inventory woes continue to plague the industry. Many powersport vehicle dealers saw ...
Coronavirus and the global auto market: Fragile recovery begins [Feature]
The coronavirus spurred one of the worst periods for vehicle sales in markets across the globe. When the COVID-19 virus ...
