Auto Loan Outlook Shows Cracks

Recent survey data shows that the overall demand for auto loans is down, but the demand for subprime loans is up as consumers face economic uncertainty and affordability pressures.

Auto Loan Originations to Subprime Borrowers Drops While Prime-Risk Loans Increase

Auto loan originations and leases to subprime borrowers fell to just 15% of the total in the first quarter, reported the New York Federal Reserve.

Pelican Auto Finance Partners with AUL Corp.

NAPA, Calif. – Pelican Auto Finance, LLC (Pelican), a leader in deep sub-prime auto financing, has selected AUL a Napa, CA based company to be their national vehicle service contract provider. AUL an industry leader in the vehicle service contract business, has a strong national network of agents and dealers. The combined strength of the ... Read More »

CPS to Pay $5.5 Million to Settle FTC Charges