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 Joulu 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 Marras 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 Marras 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 Marras 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 Marras 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 Loka 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 Loka 20256min
Powersports trends, Tricolor bankruptcy latest and preview of Auto Finance Summit 2025
The powersports industry continues to grapple with volatile market conditions including rising prices, falling sales, waning consumer demand and a rapidly changing compliance landscape, but there are ...
13 Loka 20258min
