Under the Hood: Creative payment options can shift customer mindset
While buy now, pay later plans are increasingly popular, auto financiers might benefit from urging customers to buy now and…
Community First CU adds payment insurance to improve loan performance
Community First Credit Union is adding payment insurance to protect against rising delinquencies and improve credit performance for its indirect…
Powerboat retail sales sink 9% YoY through April
Marine sales continued to sink headed into the spring amid sustained interest rates and unfavorable weather conditions. New powerboat retail…
Big Wheels: Lessors expect stronger lease demand in H1 2024
Auto lessors are expecting an increase in consumer demand in the next six months as new-vehicle inventory continues to build…
Buried: Subprime borrowers sink under mounting insurance costs
Consumers are being buried in debt as rising costs for everyday expenses force many to turn to credit cards to…
High interest rates taking powersports borrowers ‘out at the knees’
LAS VEGAS — Interest rates will need to fall further to make powersports financing more attractive. In its first…
Stellantis North American shipments fall 28%
Stellantis’ North American sales and shipments declined in the fourth quarter as the automaker looked to reduce inventory. Sales…
Commonwealth CU originations tracking up 16.3% year over year
Commonwealth Credit Union is on pace to grow its origination volume by double digits year over year, fueled by its…
3-year-old vehicle prices near Q2 record
Prices on 3-year-old used vehicles rose to the second-highest second quarter price on record, brought on by rising new-vehicle prices…
FTC refunds nearly $1M to Vroom consumers
The FTC is issuing more than $934,000 in refunds to consumers who bought a vehicle from Vroom following a July…
Under the Hood: Few FTC commenters cite junk fees in auto finance
Comments have been streaming in for the FTC’s proposed rule targeting “junk fees,” the term used to describe hidden or…
Credit union auto outstandings dip 3.1% year over year
Credit union auto loan production declined as delinquencies rose during the third quarter. Auto loan outstandings across 4,499 federally insured…
April new-vehicle sales expected to tick down 2%
U.S. new-vehicle sales are projected to decline in April while the seasonally adjusted annual rate is expected to finish above…
Huntington Auto Finance originations up 9.5% YoY
Huntington Auto Finance’s originations grew in the second quarter, in line with trends reported by national banks. Wells Fargo Auto…
Dealers push for more e-contract deals
Dealers are increasingly choosing e-contract transactions, prioritizing speed over more favorable terms. Auto loans originated via e-contract nationwide rose 28%…