Dan Chait joined Southeast Toyota Finance in 2002, becoming part of JM Family Enterprises. On Tuesday, Chait was named president of the privately held company, which generates more than $20 billion in annual revenue. Chait, who also will remain chief ... [Read More]

We just sprung forward over the weekend, but Bain & Company is already seeing “green shoots” in the private-equity world. Experts said on Monday those “green shoots” are emerging for prospects this year and beyond within the global private equity ... [Read More]

TomoCredit rolled out its latest tool last week aimed at expanding credit accessibility for millions of Americans. The fintech startup — which began because of experiences of trying to secure auto financing — introduced TomoScore, which TomoCredit said is an ... [Read More]

This week, Solifi released its 2024 Global Leasing Report that details the trends, economic projections and insights into the top 50 leasing markets worldwide. The report indicated that global growth is predicted to decrease to 2.9% in 2024, which is ... [Read More]

In December 2022, Carputty announced the closing of a $12.3 million Series A funding round that at the time brought its total funding amount to $21.96 million. On Wednesday, the fintech company that wants to modernize both auto financing and ... [Read More]

Zest AI is working closely with Origence and Point Predictive as all three are leveraging artificial intelligence for the betterment of credit unions and other providers of auto financing. Last week, Point Predictive announced the integration of its BorrowerCheck for ... [Read More]

Since its founding in 2006, iLending said it has facilitated $3.6 billion in refinanced auto financing. But the past 18 months have been challenging for iLending and other institutions that might offer refinancing. However, based on the expectation that the ... [Read More]

A move by a captive in the powersports sector appears similar to what many finance companies might already do with cars and trucks. On Tuesday, Harley-Davidson Financial Services launched a program the company said is like a lease. The captive ... [Read More]

Along with highlighting a securitization strategy popular in Europe and now gaining momentum in the U.S., S&P Global Ratings gave a brief update on its thinking about electric vehicles and residual values. Last week, S&P Global Ratings said higher exposure ... [Read More]

Stephanie Hanson and Daniel Parry have worked together many times during their distinguished careers within auto financing. And last week, the industry leaders said their current operations are now collaborating. Gestalt Tech said it will partner with TruDecision to provide ... [Read More]