Rising inventories lead to ramp up of incentive spending
Higher new-vehicle inventory has led manufacturers to ramp up incentive spending to swiftly move supply. New-vehicle inventory surpassed 3 million…
Nonprime lenders project originations to grow in 2024 despite rising cost of funds
Nonprime lenders project originations to grow in 2024 despite the increasing cost of funds and the challenges of credit performance…
US core inflation rises less than forecast for fourth month
Underlying US inflation rose in May by less than forecast for the fourth month in a row, suggesting companies are…
Auto lenders, dealers see opportunity in uncertain environment
Auto lenders and dealers are adapting their strategies in the face of an onslaught of new trade policies and recent…
Auto loan rates continue slow decline as Fed cuts set in (Big Wheels)
Auto loan rates for both new and used vehicles declined year over year in January, driven by the gradual impact…
Brunswick boat sales sink 19% year over year
Marine manufacturer Brunswick saw its boat sales fall year over year in the third quarter as dealer ordering remained cautious. …
Octane surpasses $1.5B in forward-flow deals with Moore Capital Management
Powersports lender Octane Lending exceeded $1.5 billion in forward-flow deals over the past 10 months after it closed an agreement…
General Motors Insurance on track to reach 20 states
GM Financial plans to expand General Motors Insurance to 20 states by yearend. Ahead of his retirement next month, GM…
Auto lenders note uptick in fraud after record year of exposure
Auto lenders are seeing a jump in fraud, with exposure across the industry hitting a record level in 2024. …
3 ways the One Big Beautiful Bill affects auto
President Donald Trump’s One Big Beautiful Bill, signed into law July 4, could affect the automotive and auto finance industry…
Boosting Market Share: How Auto Lenders Can Leverage Real-time Data To Get Ahead
The automotive retail industry has experienced significant ups and downs since the COVID-19 pandemic. During the pandemic, inventory dropped dramatically…
NJ law underscores need for lender in-vehicle data deletion
A New Jersey law in effect since January requires auto dealers to offer to delete consumers’ data from cars, highlighting…
Bank of America predicts national EV penetration at 25% by 2027
Bank of America estimates that EV sales penetration will slowly build over the next three years as affordability challenges, residual…
Gravity Lending refinance applications jump nearly 30%
Gravity Lending’s auto refinance applications and approvals have grown year over year, driven by declining interest rates and the resurgence…
Powersports e-commerce gains traction — up to a point
LAS VEGAS — Online research and shopping for powersports units is gaining traction in the industry, but consumers remain hesitant…