
Articles
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1 day ago |
autofinancenews.net | Amanda Harris
By Amanda Harris NASHVILLE, Tenn. - PenFed Credit Union's volume of auto refinance applications is growing as consumers look for ways to mitigate affordability concerns and stay in their vehicles longer. Refinance has grown to between 20% and 25% of PenFed's total direct auto application count "in recent months," up from 15%, Chris Kleczynski, vice president and [...]
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2 days ago |
autofinancenews.net | Amanda Harris
By Amanda Harris NASHVILLE, Tenn. - Santander Consumer USA is working to grow its third-party financing relationships with large, franchised dealers and manufacturers. Santander Consumer USA (SCUSA) has capital to put to work and is eyeing potential new relationships in the market, Chief Financial Officer Erik Laney said during a fireside chat today at Auto Finance Summit East [...]
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2 days ago |
autofinancenews.net | Amanda Harris
By Amanda Harris Hyundai Capital America is building out its insurance program after rolling out options last month. The captive in April launched car insurance offerings for customers through an agreement with Root, parent company of online insurance provider Root Insurance. Offering insurance aligns with Hyundai Capital America (HCA)'s goal to address affordability concerns and make Hyundai vehicles [...]
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3 days ago |
autofinancenews.net | Amanda Harris
NASHVILLE - Changing tariff policies, a pull-ahead in new-vehicle demand in recent months and a potential for worsened credit performance all contribute to the uncertainty underpinning auto lenders' strategies headed into the rest of 2025 and early 2026. When Auto Finance Summit East 2025 kicks off today at JW Mariott in Nashville, Tenn., it will bring together industry leaders, fintechs, auto lenders and dealers to discuss this them and more.
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6 days ago |
autofinancenews.net | Amanda Harris
By Amanda Harris Toyota Motor North America's April U.S. sales increased 10% year over year on a volume basis while fourth-quarter North American sales dipped. Sales in the United States totaled 233,045 vehicles in April, according to data provided by Toyota Motor North America (TMNA) to Auto Finance News. By division, April sales, according to TMNA, were: Up [...]
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Carvana’s originations rose in the first quarter as the company prioritized growth and used-vehicle retail sales increased. #autofinance #earningsseason #usedvehiclesales https://t.co/T8pA9MPOPo

Pagaya Technologies’ auto portfolio was down year over year in the first quarter but grew sequentially as the fintech continues to invest in the business. #autofinance #autoindustry #earningsseason https://t.co/IvB53TaCH2

“When I started in the business, it was a cash heavy business … [but] financing has become critical." -- Alex Reyes, Broward Motorsports | Listen to the Roadmap podcast with Synchrony's Susan Medrano. #powersports #autofinance https://t.co/kgPGGWOhCQ