Carvana VP of finance talks rate cuts, profitability, sales growth
Carvana has lowered its interest rates as its profitability, sales and finance volume improve. The Tempe, Ariz.-based retailer in the past year has focused on expanding inventory to meet consumers’ ne...
15 Jun 19min
Buyers’ AI-powered research reshapes powersports purchases
AI-powered research tools are changing how consumers shop for powersports vehicles, prompting dealers to spend more time explaining financing options and correcting misconceptions about rates, promoti...
8 Jun 18min
Used-car financing gains share as affordability pressures mount
Used-car financing gained ground in the first quarter as affordability pressures continued to push consumers away from higher-priced new vehicles. Used vehicles accounted for 58.6% of all auto financi...
1 Jun 8min
Auto leaders dive into affordability, funding diversification, credit performance
The higher cost of living is exacerbating affordability concerns and prompting auto lenders to take a close look at rising delinquencies, asset pricing and innovative programs to get consumers into ve...
18 Mai 6min
Financing key for 81% of shoppers when making large purchases
Powersports dealers are introducing financing discussions earlier in the buying process as affordability concerns and economic uncertainty shape consumer behavior during the industry’s peak selling se...
14 Mai 20min
Originations rise in Q1 as affordability challenges, EV demand grow
In the first quarter, the auto finance industry balanced strong auto loan originations with persistent affordability challenges, shifting EV demand and rising asset-backed securitization activity. Aut...
4 Mai 8min
‘Affordability is No. 1’ driver of PNC’s auto refinance demand
Consumer budget concerns are driving year-over-year surges in auto refinance applications, Strati Papageorge, senior vice president of product at PNC Financial, tells Auto Finance News in the latest e...
27 Apr 14min
Lenders report mixed auto originations, delinquencies dip in Q1
Lenders’ auto originations were mixed in the first quarter, though most reported declining delinquencies.Originations reported by major banks include:Ally Financial, up 12.8% YoY to $11.5 billion;CarM...
20 Apr 9min
