Copart Inc. has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland. The company does business as AVK. AVK is the leading salvage auto auction provider in Finland …
Auto finance asset-backed security collateral performance improved in February, according to Kroll Bond Rating Agency. However, Non-Prime Index delinquency rates remain at elevated levels, mostly driven by a change in…
Older consumers have long been considered sure bets when it comes to auto finance. While they remain the safest group by age, there is some rising risk. A recent study…
Westlake Financial Services announced the launch of its new Titanium program for customers with a 750 FICO score or better. The program provides rates as low as 2.99 percent, amounts…
The Consumer Financial Protection Bureau issued a Request for Information (RFI) about the bureau’s public reporting of consumer complaints. The bureau is seeking comments and information from interested parties on…
TD Auto Finance (TDAF) announced a partnership with AutoGravity. Through this partnership, indirect financing offers through TDAF will be made available to qualified auto buyers using AutoGravity’s digital platform to…
Interest rates on new vehicle finance are expected to soar to their highest point in eight years in February, according to Edmunds. The annual percentage rate on new financed vehicles…
Credit Acceptance Corp. recently announced the completion of a $500 million asset-backed non-recourse secured finance deal. Credit Acceptance contributed finance contracts having a net book value of approximately $625.1 million…
Black Book’s Used Vehicle Retention Index for April remained unchanged from March at 112. The index has now declined 1 percent over the last 12 months (113.1). The Black Book…