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Draft regulations would target bait-and-switch price ads, misleading F&I practices, and valueless F&I products.
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McLaren and Fisker have branded their auto finance ventures and have them supported by Chase.
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Powered by its robust offering, SAF continues to sign dealer agreements and fund loans.
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Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
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Overall, the data shows encouraging signs for the automotive finance market.
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CULA posted its 9th consecutive record month, with more leases processed in May and June than in any other months in its history.
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The company will continue growing its indirect lending business while also branching into direct-to-consumer financing, traditional retail financing, and lending across the full credit spectrum.
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Finance industry veteran brings decades of dealer-focused experience to the management role.
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Credit unions ramping up their abilities to serve their customers digitally is playing an ever-increasing role in satisfying auto-lead and auto-loan origination for their dealership partners.
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Overall, the automotive finance market has remained resilient, despite the pandemic. Staying close to the data will help lenders ensure they have the right options available to fit consumers’ needs and budgets.
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