Mazda to switch to Toyota Financial Services for loans, leases
Mazda, which has used JPMorgan Chase as its financial arm under the Mazda Capital Services name, will…
Adding alternative data to customer credit scores helps dealers, lenders
For customers returning to — or entering — a vehicle shopping market with higher transaction prices and…
Automakers, captives ease back on leasing
Leasing is becoming too expensive to incentivize, experts say, and automakers are prioritizing profits over loyalty.
Gen Z: Coming to a dealership near you
Time will tell if the youngest drivers in the vehicle market are seeking transportation models radically different…
VW Credit, Citizens One Auto Finance, top J.D. Power dealer study of financing appeal
J.D. Power’s latest U.S. Dealer Financing Satisfaction study found experienced and empowered credit and sales personnel at…
A used-vehicle retailer taps data to aid subprime consumers
Franchised retailers considering bringing auto insurance in-house should take note of those using data to keep offerings…
Lenders ease loan access to low-prime, subprime borrowers in Q2, N.Y. Fed says
Originations rose 1.6 percent from a year earlier for customers with credit scores below 620, and 4.3…
Online F&I product sales help Volvo fix ‘glaring’ problem
Volvo Cars Financial Services has partnered with F&I software company Darwin to raise subpar per-vehicle profits.
Subprime military lender shuts down
Security National Automotive Acceptance Co. began informing employees and auto dealers Wednesday that it would discontinue purchasing…
GM Financial revenue rises on increased penetration of GM business
CEO Dan Berce credited the automaker’s support and a mutual plan to grow the portfolio.
