Powersport sales down 6.3% year over year
LAS VEGAS — Nearly three-quarters of powersport dealers reported their year-over-year sales fell in October, the eighth consecutive month of…
Foxconn in talks with Nissan shareholder Renault, CNA says
Hon Hai Precision Industry Co., the iPhone maker known as Foxconn, is in talks with Nissan Motor Co.’s biggest shareholder…
Fifth Third to buy Comerica in the year’s biggest US bank deal
Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, the largest US bank deal this…
Higher rejection rates contribute to industry performance dip (Big Wheels)
An increase in auto loan rejection rates contributed to a decline in the auto finance industry’s overall health in February,…
Ally Financial names Richard new CRO, other staff moves
Ally Financial today announced the appointment of a 27-year veteran of the bank as the company’s chief risk officer as…
Podcast: ‘Weekly Wrap’ on EV tax credit changes
Stricter federal tax credit requirements for electric vehicles have prompted price cuts, incentives, and dealer operation changes. Fewer EVs qualify…
Mercedes-Benz Mobility AG: Global credit performance is ‘fragile’
LAS VEGAS — Auto lenders are cautious of potential credit performance downturns across all regions of the globe. Exchange rate…
CarNow eyes chatbot improvements, responsible AI use
Digital retail company CarNow is using AI to streamline operations and increase productivity for dealers. CarNow, which offers digital solutions…
Share of 1- to 5-year-old used cars under $20K climbs to 20%
Declining used-vehicle prices contributed to a rise in the volume of 1- to 5-year-old models priced below $20,000 at the…
Current Vehicle Pricing Distribution dataset tracks values across time (Big Wheels)
Vehicle values have gradually declined across cars, SUVs and trucks — but how prices trend varies widely based on make…
Refinance to comprise up to 25% of Valley Strong CU originations in 2025
Valley Strong Credit Union expects refinanced auto loans to help drive origination growth in 2025. Bakersfield, Calif.-based Valley Strong expects…
TD Bank to pull back on auto lending
TD Auto Finance will pull back on commercial auto lending and other less profitable portfolios after being hit last week…
Huntington strikes $7.4B deal to expand in the south
Huntington Bancshares Inc. agreed to buy Cadence Bank for $7.4 billion, the Ohio bank’s second major acquisition this year to…
Ally reaps $11B in originations last quarter on record application volume
Ally Financial’s originations climbed 24.5% year over year in the third quarter amid record-high origination volume. Auto originations came in…
BRP North American sales dip 10%
Slower snowmobile and personal watercraft sales contributed to a 10% year-over-year decline in Canadian powersports manufacturer Bombardier Recreational Products’ total…