Against all odds: Auto market holds steady
The auto finance sector is showing signs of improving affordability and resilient loan production amid gradual dips in vehicle prices and loan rates while concerning credit performance and inflationary...
View ArticleAlly Financial names Mehlman first chief legal, corporate affairs officer
Hope Mehlman has been appointed to serve as Ally Financial’s first chief legal and corporate affairs officer, effective Dec. 2. In the newly created role, Mehlman will lead the bank’s new legal and...
View Article4 auto finance executives to watch in 2025
The auto finance industry is charging ahead, driven by leaders ready to shape the future. This year, the industry faced a tough road, from high interest rates to affordability concerns and limited...
View ArticleCalifornia wildfires contribute to auto insurance hikes, deferrals
Wildfires are contributing to a spike in auto insurance rates in California and payment deferral options from auto lenders. The average annual cost of full-coverage car insurance in California rose...
View ArticleTemplin named COO of Toyota Motor North America
Toyota Motor North America on Jan. 22 promoted Mark Templin to executive vice president and chief operating officer, effective Jan. 27, following the retirement of former EVP and COO Jack Hollis....
View Article3 ways Toyota Financial Services taps gen AI
Toyota Financial Services is harnessing generative AI to enhance productivity and modernize its capabilities. As the auto lender explores generative AI, its first concern has been protecting consumer...
View ArticleLoans with terms longer than 84 months see uptick
The share of longer-term auto loans of 84-plus months is on the rise as consumers face tighter budgets and economic uncertainty. While middle-term loans, defined as between 60 and 78 months, make up...
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