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WEB5 days ago · Auto Finance News provides the latest updates and insights on the auto finance industry, including fraud cases, financing trends, and program developments.
Ford offers free electric vehicle chargers in bid to boost sales
WEB19 hours ago · The incentive program will begin Tuesday. Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to boost sales and overcome range anxiety among mainstream car shoppers. The incentive program will begin Tuesday and run through the end of the year, Ford officials said in a briefing with reporters.
Inside HDFS’ $632M ABS issuance (Big Wheels) - Auto Finance News
WEB17 hours ago · Harley-Davidson Financial Services returned to the asset-backed securitization market in September with its second motorcycle issuance of the year. Harley-Davidson Financial Services (HDFS)’s Sept. 17 issuance, which totaled $632 million, is backed by prime motorcycle loans and joins the retailer’s $579 million motorcycle issuance on May 14, according to Finsight, which monitors securities.
Podcast: Auto credit performance worsens, prompts provision spike
WEB17 hours ago · Auto finance also increased its provision for credit losses by 25% to $112 million for the fiscal second quarter 2025 ended Aug 31st, according to the company’s earnings release. Cash finance income fell 14.4% year over year to $115 million, while originations ticked down 1.7% year over year to $2.2 billion.
Fed cut to influence vehicle affordability — eventually
WEB16 hours ago · Average new-vehicle loan rate was 9.6% in August. While the Federal Reserve cut the federal funds rate on Sept. 18, it will take time for the impact of that cut to touch automotive interest rates and prices and have a positive effect on consumer demand and affordability. The Fed’s 50 basis-point cut will eventually trickle down to vehicle ...
Auto Finance News Launches survey to capture key insights on the …
WEB3 days ago · Auto Finance News is conducting a brief survey to uncover critical insights into the future of the lending market. As the auto finance industry continues to evolve, this survey allows industry professionals to weigh in on key trends and share their perspectives. The survey, designed to take just a few minutes, focuses on gathering essential […]
Latest from the Magazine - Auto Finance News
WEBJun 25, 2021 · LATEST FROM THE MAGAZINE. VIEW THE DIGITAL ISSUE. Auto Finance News is the flagship publication for the auto finance industry — the leading source for news and analysis on automotive lending and leasing. Find all the content from the publication, with your Auto Finance Premium Subscription, …
4 auto ABS issuers set for $4B in new prime and subprime deals
WEBJul 8, 2022 · Four auto asset-backed securities (ABS) issuers came to market this week with $4 billion in fresh prime and subprime deals, as wider market volume catches up with 2021 issuance volume. CarMax Auto Finance (CAF), for one, plans to close a $1.2 billion deal collateralized by prime auto receivables — its third ABS transaction of the […]
2021: An exceptional year in auto finance - Auto Finance News
WEBNov 4, 2021 · Berce’s leadership is evidenced by GM Financial’s performance in the past year, with the lender posting record earnings before taxes of $1.6 billion and increasing origination volume by 85.7% year over year to $5.2 billion in the second quarter of 2021, according to GM Financial’s earnings report. GM Financial further supported General ...
AFS 2021: 6 auto fintech startups to watch - Auto Finance News
WEBNov 4, 2021 · Retail startups that offer autonomous capabilities, artificial intelligence and cloud-based automotive retail opportunities are taking the auto finance industry by storm. During last week’s Auto Finance Summit in Las Vegas, executives from HyreCar, MotoRefi and NextCar named the tech startup companies they are keeping a close eye on as the industry advances. 1. Tekion Cloud-based […]