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autofinancenews
4 小时
Octane Lending enters marine market
LAS VEGAS — Powersports lender Octane Lending announced this week that the company has entered the marine market.
autofinancenews
8 小时
High interest rates taking powersports borrowers ‘out at the knees’
LAS VEGAS — Interest rates will need to fall further to make powersports financing more attractive. In its first rate cut in ...
autofinancenews
11 小时
Ford Credit’s Flex Buy volume to jump 25%
Ford Credit’s Flex Buy program volume is on track to grow 25% year over year. The program, launched in June 2023, allows ...
autofinancenews
16 小时
Capital One VP: Synthetic identity fraud up 400% across financial services
Capital One’s loan applications containing synthetic identity fraud have increased about 400% over the past four years.
autofinancenews
1 天
Tricolor’s losses fall 20% with new risk model
LAS VEGAS — Tricolor Auto Acceptance has seen a 20% decline in losses since updating its risk model this year. “We upgrade ...
autofinancenews
1 天
US average FICO score holds steady after first-in-decade fall
The national average FICO credit score fell by one point to 717 in October 2023, where it’s remained in April and up to the ...
autofinancenews
1 天
3 themes to watch at PowerSports Finance Summit
The powersports industry is turbulent, with high interest rates, softened retail demand and swelling inventory highlighting a ...
autofinancenews
2 天
CPS application volume jumps 16% from yearend
Subprime lender Consumer Portfolio Services’ application volume is up nearly 16% compared with yearend 2023 despite a dip in ...
autofinancenews
2 天
Prolonged high interest rates will affect auto finance risk appetite
Prolonged high interest rates will affect lender appetite in the near term, even with falling vehicle prices and the Federal Reserve’s first rate cut in four years.
autofinancenews
2 天
Fabien Thierry: Bank of America refi activity picks up steam
Bank of America is seeing an uptick in auto refinance activity on the heels of the Federal Reserve lowering the benchmark ...
autofinancenews
3 天
Manheim Used Vehicle Value Index down 5.3%
Wholesale used-vehicle values fell year over year in September across every market segment. The Manheim Used Vehicle Value ...
autofinancenews
3 天
CFPB takes aim at add-on products in today’s report
The Consumer Financial Protection Bureau’s latest supervisory highlights focus on auto loan originations practices, ...
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