Subprime auto lender FinBe USA is incorporating AI, machine learning, fraud prevention and additional data into its risk-based pricing and underwriting programs to grow originations and improve credit performance. #autoindustry #autofinance hubs.la/Q03BqFwk0

AI-driven lending platform Upstart’s auto originations skyrocketed 533% year over year in the second quarter as dealer volume rose and the company implemented underwriting technology upgrades. #autofinance #earningsseason #autoindustry #ai hubs.la/Q03BCZ5g0

Pagaya Technologies’ auto portfolio grew in the second quarter following the fintech’s launch of new underwriting capabilities and improved credit performance. #ai #autofinance #earningsseason #autoindustry hubs.la/Q03BSN3y0

Automotive Credit Corp. today announced that it is pausing originations activity indefinitely, effective immediately. #autofinance #autoindustry hubs.la/Q03BSPMP0

Vroom subsidiary United Auto Credit Corp.’s originations dipped year over year in the second quarter as net loss declined. #autofinance #autoindustry #earningsseason hubs.la/Q03BYG-C0

Floorplan lenders saw a rise in volume in the first half of the year amid strong sales, but some are facing higher defaults coming off the second quarter. #autofinance #autoindustry #floorplan hubs.ly/Q03Chqm40

Independent dealer floorplan financing provider NextGear Capital’s salvage and heavy-duty truck businesses have gained steam as floorplan lenders saw growth in the first half of the year. #autofinance #autoindustry #commercialfinance #truckfinance hubs.la/Q03CsF0Y0

Auto lenders are ramping up their refinance programs as interest rates stabilize and more consumers stand to benefit from better loan terms. #autofinance #autoindustry #refinance hubs.la/Q03CSD1x0

Motorcycle manufacturer KTM is offering financing with as low as 1.99% APR on units sold in Canada thanks to a new agreement with Santander Consumer Bank. #autofinance #autoindustry #powersports hubs.la/Q03D1ngz0

Floorplan financiers are facing an increase in fraudulent activity alongside an uptick in risky behavior and poor performance by dealerships. #autofinance #autoindustry #fraud #floorplan hubs.la/Q03DW00y0

Heading into the second half of 2025, Ford Credit Chief Financial Officer Eliane Okamura is eyeing ways to help drive Ford sales and support dealers, lean into technology and maintain steady credit performance. #autofinance #autoindustry hubs.la/Q03DY4Lz0

Ford Credit in the first half of the year has executed more than 60% of its planned public funding issuance for 2025. #autofinance #autoindustry #capitalmarkets #autoABS #securitization hubs.la/Q03F409q0

Credit unions are cautiously optimistic as auto portfolios grow, but inflationary pressures, tariffs and tightened standards are expected to dampen vehicle sales. #autofinance #autoindustry hubs.la/Q03FYg7Z0

Leasing slowed in the second quarter as consumers prioritized cash purchases and looked to refinancing to manage affordability, but credit unions expect leasing to grow in the next six months. #autofinance #autoindustry #lease hubs.la/Q03Ggc0S0

Bank of America’s auto originations climbed in the second quarter as the bank eyes strategic growth across its three business lines in auto. #autofinance #autoindustry #technology hubs.la/Q03GwXgm0

Credit unions gained auto finance market share in the second quarter in tandem with growth in their auto portfolios during the first half of the year. #autofinance #autoindustry hubs.la/Q03Hq4vx0

Tricolor Auto Acceptance is preparing to file for bankruptcy, putting a halt to expansion discussions ahead of an unexpected round of furloughs announced late last week, sources familiar with the matter told Auto Finance News. #autofinance #autoindustry hubs.la/Q03HDw7X0

Vervent Inc. is preparing to take over servicing of Tricolor Auto Acceptance’s portfolio following the subprime lender’s Chapter 7 bankruptcy filing earlier this week. #autofinance #autoindustry hubs.la/Q03JcvGl0

Tricolor Holdings’ chapter 7 bankruptcy filing on Sept. 10 has led to ratings downgrades for the financier and talks of potentially wider implications for the buy here, pay here and subprime markets. #autofinance #autoindustry #bankruptcy hubs.la/Q03Jry300

Tricolor Holdings and its affiliates’ bankruptcy cases have been consolidated for joint administration. #autofinance #autoindustry #bankruptcy hubs.la/Q03JNrh90