Truth Headlam, Mashable Journalist Profile

Articles

Thor Industries sales rise 3%

4 days ago | autofinancenews.net | Truth Headlam

By Truth Headlam RV retailer Thor industries' sales increased during its fiscal third quarter as promotions ticked up and inventory shrank. Elkhart, Ind.-based Thor's total net sales rose 3.3% year over year to $2.9 billion during the quarter, which ended April 30, according to the retailer's 10-Q filing today with the Securities and Exchange Commission. Promotions and rebates [...]
Repo assignments hit 2.1M YTD through April

5 days ago | autofinancenews.net | Truth Headlam

By Truth Headlam Vehicle repossessions and delinquencies are increasing as consumers continue to grapple with rising costs. National repossession assignments totaled 2.1 million year to date through April, Vaughn Clemmons, president of the American Recovery Association (ARA) and Houston-based Automobile Recovery Bureau, told Auto Finance News. This year's assignment volume is 50% more than the 1.4 million [...]
Tariff uncertainty continues to define auto, powersports markets

6 days ago | autofinancenews.net | Truth Headlam

Major players in the auto and powersports industries continue to adapt to the rapidly changing macroeconomic environment teeming with the effects of tariffs and rising inflation. Where some see opportunity, others see indications of a challenging fiscal year. As consumers continue to grapple with affordability, which has been further pressured by tariffs, auto refinancers see an opportunity as delinquencies rise .
Originations rise 9.6% across top 100 auto lenders in 2024 (Big Wheels)

1 week ago | autofinancenews.net | Truth Headlam

By Truth Headlam Auto originations rose industrywide in 2024, spurred by stronger consumer demand amid improved new-vehicle incentives. Originations across the top 100 auto lenders by outstandings rose 9.6% year over year to $656 billion in 2024, according to an Auto Finance News analysis of the latest Big Wheels Rankings data. This compares with a decline of 1.4% [...]
Auto lenders, dealers see opportunity in uncertain environment

1 week ago | autofinancenews.net | Truth Headlam

By Truth Headlam Auto lenders and dealers are adapting their strategies in the face of an onslaught of new trade policies and recent regulatory shifts this year. "Uncertainty" was a common refrain in industry stakeholders' conversations at the recent Auto Finance Summit East 2025 in Nashville, Tenn., as dealers and lenders worry over the long-term effects of auto [...]
USAA names Brian Goldman chief risk officer

1 week ago | autofinancenews.net | Truth Headlam

By Truth Headlam USAA on May 14 named Brian Goldman as the lender's new chief risk officer, effective May 27. Goldman joins USAA from Comerica Bank, where he served as CRO. He has more than 28 years of leadership experience in banking, mainly it in risk management at Goldman Sachs and Citi Bank. USAA's portfolio was $17.9 billion [...]
Average used-vehicle loan rates drop 29 bps YoY in May (Big Wheels)

1 week ago | autofinancenews.net | Truth Headlam

National average loan rates for new and used cars continue their fall this month amid steady Federal Reserve rates. The average interest rate on a 60-month loan for a used vehicle was 7.78% as of May 23, down 29 basis points (bps) year over year compared with May 2024, according to the latest data [...]
PenFed IDs 3 types of consumers ripe for refi

2 weeks ago | autofinancenews.net | Truth Headlam

By Truth Headlam Refinancing demand is on the rise as consumers look for ways to save money and lower their payments amid rising inflation and economic uncertainty. There has been a "credit score migration and FICO shift," in recent years as scores inflated during the pandemic by government subsidies return to normal levels, PenFed Credit Union Vice President [...]
Auto delinquencies at highest Q1 level in 16 years

2 weeks ago | autofinancenews.net | Truth Headlam

By Truth Headlam Auto delinquencies are up as cash-strapped consumers grapple with rising costs and affordability. The overall first-quarter, 60-plus day delinquency rate increased 5 basis points year over year to 1.38%, according to TransUnion's Q1 2025 Credit Industry Insights Report published today. Delinquencies are rising alongside the costs of car ownership and everyday consumer goods, Satyan [...]
3 words of compliance advice from GM Financial counsel

2 weeks ago | autofinancenews.net | Truth Headlam

By Truth Headlam Auto lenders should keep compliance at the forefront when implementing AI and other new technologies, especially in the rapidly changing regulatory landscape. As priorities change at the Consumer Financial Protection Bureau and state enforcement ramps up, bringing fragmentation and uncertainty, auto lenders need to "be mindful that states are starting to scrutinize the use [...]