US jobless claims doubled to record 6.65 million last week
The number of Americans applying for unemployment benefits more than doubled to a second straight record as the coronavirus widened ...
Tag: Coronavirus
GM, FCA post first-quarter sales declines amid coronavirus
Two of the largest automakers reported first-quarter U.S. sales declines as the negative economic impact of the coronavirus in March ...
Wells Fargo halts repos
Wells Fargo Co. is the latest big bank to suspend repossessions, joining Bank of America and Chase Auto, as cases ...
Chase tees up Vroom Financial Services, Ally doubles floorplan line
Online used-car retailer Vroom is expanding its finance capabilities via two separate partnerships with the largest auto lending banks in ...
NMAC could be forced to provide cash to its faltering OEM
Nissan Motor Co. may need its U.S. captive, Nissan Motor Acceptance Corp., to funnel additional liquidity to the OEM. Nissan Motor Co.’s financial strength ...
Survey results: Coronavirus and the state of banking innovation
Given the significant challenges we’re facing with the ongoing coronavirus pandemic, INV Fintech and Bank Innovation, sister services of Auto Finance News, conducted ...
1.8M off-lease vehicles could skew market through yearend
The 1.8 million leases expiring between March and July could have notable short-term market implications, Thomas King, president of data ...
Auto Finance Risk Summit goes virtual
While the auto lending and leasing industry looks to navigate through the uncertainty created by the COVID-19 pandemic, the Auto ...
