US initial jobless claims decline to lowest level in four weeks
Applications for US unemployment benefits fell to a four-week low, adding to evidence that the job market remains healthy in…
Powersports new-vehicle inventory up 267% from 2019
Swelling inventories and weakened retail sales weighed on powersports dealers in January despite industrywide hope that 2025 could bring an…
Hertz to sell 20,000 EVs in shift back to gas-powered Cars
Hertz Global Holdings Inc. plans to sell a third of its US electric vehicle fleet and reinvest in gas-powered cars…
Readers’ pick: Top 5 stories of 2023
Auto lenders have navigated a year of high interest rates and elevated cost of funds, prompting some banks to reevaluate…
PODCAST: New F&I series with leading consultant Becky Chernek
One of the leading F&I consultants agreed to begin a new monthly series as part of the Auto Remarketing Podcast. Becky Chernek opened the series by giving her perspectives on what’s changed in the finance office since the pandemic arrived … [Read More]
Price competition between dealers ramps up
Pricing competition has ramped up among dealerships as inventory returns to more normal levels and lenders’ appetite for auto loans…
Nikola founder Trevor Milton pardoned by Trump after fraud conviction
Nikola Corp. founder Trevor Milton, who was convicted of fraud over misrepresentations about the electric-truck maker’s financial progress, was pardoned…
New-vehicle interest rates drop 46 basis points
National average interest rates for new and used vehicles dropped this month following several rate cuts from the Federal Reserve. …
CFPB analysis points to uptick in repossessions
The Consumer Financial Protection Bureau completed a deep dive into vehicle repossession activity following the start of the pandemic and…
PODCAST: Latest on state & federal regulation with AFSA’s Danielle Arlowe & Celia Winslow
Danielle Arlowe and Celia Winslow of the American Financial Services Association still had plenty of energy for this episode of the Auto Remarketing Podcast recorded in Las Vegas at the end of the organization’s annual Vehicle Finance Conference. Arlowe and … [Read More]
DDI Technology brings ELT services to Indiana
DDI Technology (DDI), a leading automotive title management firm and a subsidiary of IAA Holdings, recently announced the launch of its electronic lien and title (ELT) services in Indiana. Officials said the Hoosier State now is the 28th state to … [Read More]
EVs pose higher residual value risk in auto ABS
Electric vehicles are giving lenders pause when it comes to auto asset-backed securitization issuance due to increased residual value risk. …
Protective Asset Protection recaps 60-year journey of F&I services
Protective Asset Protection is celebrating 60 years of service this month as a provider of F&I products that help protect each vehicle investment while equipping dealers with the F&I products they need to instill confidence and trust in their customers. … [Read More]
Bank of America indirect consumer NCOs dip in Q3
Credit performance across Bank of America’s direct and indirect consumer portfolio improved in the third quarter as digital activity also…
Bank of America auto originations fall 10%
Bank of America’s auto originations dipped in the fourth quarter as credit continued to normalize and commercial loans to vehicle…