3 Ways to Increase Market Share as a Non-captive Lender
The automotive retail sector has experienced significant volatility since the COVID-19 pandemic, when inventory dropped sharply due to supply constraints,…
Jaguar Land Rover restarts shipments to US after tariffs pause
UK automaker Jaguar Land Rover has resumed shipments of vehicles to the US after pausing them following the announcement of…
Manheim used-vehicle values drop 0.2% in March
Wholesale used-vehicle values fell in March as seasonal adjustments brought on declines. The Manheim Used Vehicle Value Index fell to…
Podcast: Floorplan finance fraud on the rise; CUs lean into auto
As fraudulent activity picks up across the automotive industry, floorplan financiers are also seeing an uptick in dealers disappearing with…
Average boat price up 10% in July
Marine dealers saw more frequent new-unit sales in July, including more expensive units, as new, visually distinct boats hit the…
ATPs rise 2.2%, credit availability worsens
Affordability challenges worsened as new-vehicle average transaction prices rose to their highest level since December 2023 in April, driven by…
Stellantis takes $2.7 billion hit as new CEO seeks a reset
Stellantis NV swung to a €2.3 billion ($2.7 billion) net loss in the first half as restructuring expenses, waning sales…
Vroom invests in analytics, tech after e-commerce exit
Vroom is leaning on its data and e-commerce assets to build efficient operations for its remaining finance and analytics businesses….
Fed: Auto loan demand weakens, standards same (Big Wheels)
Consumer demand for auto loans fell in the third quarter as credit standards were largely unchanged. Demand weakened on…
9 powersports finance executives to watch in 2025
The first half of 2024 has been bumpy for powersports lenders, manufacturers and dealers after delayed rate cuts by the…
Axis Auto originations down 86% as company eyes sale
Axis Auto Finance’s auto originations continued to fall in the third quarter as the lender has tightened credit and prepares…
Tesla to cut over 10% of workforce in global retrenchment
Tesla Inc. will slash global headcount by more than 10%, Elon Musk wrote in an email to staff, as the…
Millennials eye return to vehicle market
Consumers looking to purchase a vehicle in 2025 are likely to apply for credit, prompting lenders to review market trends….
Fed officials hold rates again, still see two cuts by year end
Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over…
Winnebago promotional liabilities up 24%
RV and marine manufacturer Winnebago Industries’ promotional liabilities increased in the second quarter of fiscal 2025 as deliveries were mixed…