3 themes to watch at PowerSports Finance Summit
LAS VEGAS — The powersports industry is turbulent, with high interest rates, softened retail demand and swelling inventory highlighting a…
Tricolor is not the bellwether of subprime auto market (Off the Lot)
Since Tricolor’s Sept. 10 bankruptcy filing, a lot has been said about how Tricolor may be an analogue for the…
Polaris, BRP, Yamaha increase rebates across catalog
Powersport promotions remained elevated in the first quarter due to affordability concerns and mixed sales across dealerships. “Sales have been…
EV sales ‘sugar rush’ likely at start of Trump admin
Electric vehicle sales are positioned to surge in the first half of 2025 as consumers look to buy ahead of…
Fed: Loan demand declines, auto sales slow
Automotive retail sales slowed in January and February amid affordability pressure from elevated interest rates and high vehicle prices, and…
CACC extends credit facility amid portfolio growth
Credit Acceptance Corp. has extended its credit facility with a commercial bank syndicate and updated the interest rate on borrowings…
Hyundai Capital America’s Marcelo Brutti named Auto Finance Executive of the Year
Auto Finance News is pleased to announce Marcelo Brutti, president and chief executive at Hyundai Capital America, has been named…
Trump administration halts program to expand US EV chargers
The Trump administration is suspending federal funding for electric car chargers, following through on one of President Donald Trump’s first…
Regional bank auto earnings muted in Q1
Regional bank auto earnings posted little movement in the first quarter of 2024, extending similar trends seen from Bank of…
Dealers shift focus to F&I as front-end margins decline
Auto dealers have refocused on increasing finance and insurance profits as front-end margins have declined from pandemic-era peaks. Front-end margins…
Fed cuts rates by half point in decisive bid to defend economy
The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, in an aggressive start to a…
Treasuries slide as new jobless claims unexpectedly slump
Treasuries fell after jobless claims dropped to their lowest level since 2022 in one of the last readings on the…
Avid Acceptance dips into lower credit tiers after originations plummet 80%
Avid Acceptance has expanded into its lower credit tiers after originations plummeted in 2023 amid a focus on higher-quality applications. …
America’s Car-Mart issues first ABS deal since layoffs
America’s Car-Mart issued its first auto asset-backed securitization transaction following structural changes announced during the company’s fiscal second-quarter earnings. On Dec. 11, America’s Car-Mart (ACM) came to market with a $161.3 million subprime auto asset-backed securitization (ABS) transaction, according to CreditFlow,…
Fifth Third shakes up leadership ranks
Kevin Lavender, a veteran of nearly 20 years at Fifth Third Bank, has been promoted to vice chair of the…