Tricolor Auto Acceptance is not responding to reports that the subprime lender has furloughed employees and suspended operations amid financial challenges. A letter dated Sept. 5 and shared on personal LinkedIn and X accounts appears to be from Tricolor Holdings to employees put on furlough for 30 days, starting Sept. 6 and expected to end Oct. […] The post Tricolor Auto said to furlough employees, shutter operations appeared first on Auto Finance News.| Auto Finance News
Credit unions gained auto finance market share in the second quarter in tandem with growth in their auto portfolios during the first half of the year. Corning Credit Union (CCU)’s auto portfolio rose 3.5% from yearend 2024 to June 30, landing at $372.9 million, Marcus Wilson, indirect lending relationship manager, told Auto Finance News. “Through […] The post Credit unions gain share in auto finance appeared first on Auto Finance News.| Auto Finance News