Retailer Group 1 Automotive’s finance and insurance revenue grew in the fourth quarter while sales fell and floorplan costs declined. Group 1’s F&I revenue ticked up 1.9% year over year to $229.7 ...

Gaps in data verification likely contributed to missed double-pledging of assets at Tricolor Auto, prompting changes at rating agencies, Larry Chiavaro, president at his consulting company LC Advisors ...

Octane has raised $100 million in a series F round as part of its effort to continue to shore up capital, further diversify funding channels and support growth in 2026. The New York-based powersports ...

Wilmington Trust, National Association, a subsidiary of M&T Bank, as trustee for Tricolor Auto, is responsible for facilitating payments and providing protection for noteholders, managing defaults and ...

Powersports lenders came to market in recent weeks with recreational vehicle loan-backed securitizations amid consumer affordability concerns. M&T Bank and U.S. Bank issued asset-backed securitization ...

Auto dealers and lenders are looking to new technologies and ventures to grow operations as the retail auto market faces uncertainty, especially around used vehicles and EVs, in 2026.

Upgrade’s auto originations soared in the first half of the year as it expanded its dealer network and launched new services. Head of Auto Scott Raymer told Auto Finance News that the San ...

Global Lending Services has joined Nissan Motor Acceptance Corp.’s dual pass-through program for subprime borrowers. NMAC has since 2014 offered its SignatureACCESS subprime pass-through program, ...

Lender Prestige Financial Services reportedly laid off more employees on Feb. 27, months after it laid off employees and stopped originations in November 2025. Around 14 to 16 positions were ...

December saw the most subprime consumers at least 60 days late on their monthly auto payments in recorded history amid high vehicle financing costs. The rate of subprime auto 60-plus-day delinquencies ...

Bank of America Securities expects U.S. retail auto ABS issuance to decline in 2026 amid softer vehicle sales and ...

Auto lender Flagship Credit Acceptance today announced an agreement to sell the business to specialty finance investment firm InterVest Capital Partners and will be rebranded to Flagship Financial ...