CU Direct's credit union network reaps biggest gain in auto originations

Credit unions on CU Direct's lending network as a group reaped more growth in originations during the first quarter than any individual bank or captive among the top 10 auto lenders. After CU Direct, Chase Auto Finance reported the most significant rise in originations at 8.8 percent, slightly more than half the growth of CU Direct.

Gauging lease customers' intent when the phone's left to ring

As lease returns rise, lenders and dealers are turning to a web tool to get an inkling of customers' intent to re-lease, purchase or return. A quarter of one Michigan dealer's lease customers have provided leads via the tool created by ChannelNet.

Tesla posts $282 million 1st-quarter loss
UPDATED: 5/4/16 7:26 pm ET - adds details

Customer deposits for the $35,000-and-up Model 3 sedan helped Tesla raise cash on hand during the first quarter of 2016 as it reported a wider net

Sign up for our afternoon newscast

AutoNews Now is our afternoon video roundup of the top news stories of the day.

Newsletters