AI-powered lending platform Upstart is applying to form a national bank insured by the FDIC to reduce costs and offer lower rates to borrowers. Upstart announced on March 10 that ...

EV maker Lucid Motors will open more locations in Europe and begin production on more affordable midsize models by late 2026 or 2027.

Consumer Portfolio Services plans to grow its prime lending program in 2026 after securing a $900 million forward-flow agreement. The expansion is a part of a rebrand to a full-spectrum lender and ...

Overall auto credit availability improved in February, driven by increased subprime borrowing and more longer-term loans, despite a decline in loan approval rates. Auto lenders must balance making ...

Carvana has issued its first auto asset-backed securitization deal of 2026, and it’s the retailer’s first to include new-vehicle loans.

U.S. auto dealers are entering the spring selling season with growing optimism despite continued pressure from affordability challenges ...

Consumer Portfolio Services’ originations declined in Q4 and the full year as the financier prioritized margins and credit health.

Chinese electric-vehicle maker Nio Inc. reported its first-ever quarterly profit, reaching a milestone that follows a decade of cash ...

Incentives ticked down year over year in February but were up from a month earlier as the average new-vehicle price increased.

Stellantis Financial Services is eyeing up to eight auto asset backed securitization deals in 2026 as the captive diversifies its funding to ...

Auto finance organizations are operating in an increasingly complex environment shaped by changing customer expectations, rising fraud risk and tighter regulatory oversight. In this landscape, success ...

More subprime consumers financed cars in the fourth quarter of 2025 than in Q4 2024 despite rising monthly payments and ...