According to Point Predictive’s 2023 Auto Lending Survey, lenders are growing increasingly concerned about loan fraud amid the worsening economic conditions.  The survey reported that 70% of auto lenders are expecting an economic recession this…

Capital One has announced that it will terminate its auto dealer services business, including floorplan lending, later this year. Floorplan lenders extend a line of credit or short-term loans to dealers to buy inventory. The…

New equipment finance business was estimated to be $9.7 billion in April 2023, a decline of 8% from April 2022, according to the Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25)….

Frontdoor, the largest provider of home service plans (HSP) in the United States, recently announced their retention rates rose to an all-time high of 75.7%. Renewals are a critical part of the Company’s HSP business model,…

Stellantis announced offering buyout packages to employees to reduce operational expenses to help fund EV growth plans. The company plans to reduce nearly 3,500 employees by offering packages worth up to $50,000 depending on seniority….