Financial News

There were 10.2 million auto contracts, totaling $230.6 billion, originated through May, according to Equifax. This is a 1.1 percent increase in accounts and a 3.2 percent increase in balances…
Wholesale used vehicle prices increased 2.01 percent month-over-month in August. This brought the Manheim Used Vehicle Value Index to 139.7, a 6.4 percent increase from a year ago. It is…
Certified pre-owned sales remain strong. Mazda reported certified pre-owned sales of 5,201 vehicles in August, marking an increase of 37.7 percent month-over-month. CPO sales are up 20.2 percent year-to-date. Porsche…
Santander Bank N.A. confirmed that the Office of the Comptroller of the Currency has terminated a consent order dating back to 2015 related to SBNA's billing practices with regard to…
The estimated average transaction price for light vehicles in the United States was $35,541 in August, according to Kelley Blue Book. New-vehicle prices increased by $643(up 1.8 percent) from August…
Westlake Financial Services celebrated 30 years in business on Aug. 30. To celebrate, Westlake hosted an employee appreciation event to celebrate three decades in the auto industry and honor its…
Ally Financial will exit both the Transportation Equipment Finance and the RV Commercial and Consumer lines of business. Ally RV dealers were notified of the decision earlier in August, with…
Automotive finance amounts and monthly payments continue to reach new highs, but consumers seem unfazed. According to Experian's State of the Automotive Finance Market report, the percentage of 30- and…
Interest rates for new cars are at one of their lowest points in three years, according to the website WalletHub. Average new-car financing today is 12 percent less interest than…

Please publish modules in offcanvas position.