EV sales slow in November, used-vehicle values flat
Electric vehicle sales declined at most major manufacturers in November on the heels of an uptick in EV share of total new-car sales in the third quarter, due in large part to a pull-ahead of purchase...
8 Des 20258min
Tricolor’s 10K vehicles could be sold by March
Bankrupt subprime retailer Tricolor’s 10,000 remaining vehicles may be sold by March 2026 if trustee Anne Burns’ motion is approved.Tricolor backup servicer Vervent and vehicle management company Holm...
1 Des 20258min
Flagship sold to investment firm, Prestige halts originations
Last week brought more shakeups in the auto finance industry as lender Flagship Credit Acceptance announced it was finalizing a sale of the company to an investment firm, while Prestige Financial Serv...
24 Nov 20257min
Future of CFPB funding questioned
The compliance industry continues to face headwinds as funding for the Consumer Financial Protection Bureau is in jeopardy after the Department of Justice recently ruled that the bureau cannot request...
17 Nov 20258min
CarMax replaces CEO, EV makers report Q3 growth as car sales mixed
Auto retailers and fintechs mostly reported growth in the third quarter amid mixed October retail sales, flat vehicle values and some layoffs. CarMax named David McCreight as its interim president and...
10 Nov 20253min
Lenders eye affordability, subprime finance as credit performance weakens
Auto lenders are homing in on key areas of underwriting to manage risk and grow in 2026 as the subprime market continues to face challenges with credit performance and affordability.Improved loan deci...
4 Nov 20254min
Tricolor bankruptcy prompts calls for transparency, portfolio reviews
Investors are seeking more transparency following Tricolor’s Chapter 7 bankruptcy filing last month, which has also prompted several auto lenders to review their books and assure investors of loan qua...
27 Okt 202512min
Auto Finance Summit 2025 highlights industry strength, challenges
Auto Finance Summit 2025 shed light on how auto lenders are responding to challenges facing the wider market, including credit performance, affordability and evolving technologies. Following subprime ...
20 Okt 20256min
