Subprime auto lender Arra Finance has entered into an agreement to acquire New Orleans-based Crescent Bank’s auto business.   Under the…

U.S. retail boat registrations fell year over year in September while dealer inventory shrank.  Retail registrations declined 9% YoY in…

CarMax is searching for a new chief executive on the heels of decreased sales, wholesale business depreciation and a focus…

Electric vehicle sales in the US grew by just 1.3% in the final months of 2023, the latest sign that…

Credit Acceptance Corp. is eyeing growth through improving products, enhancing dealer and customer experiences and prioritizing credit access for nonprime…

TD Auto Finance’s originations and portfolio grew in the bank’s third quarter, while the company also invested in additional anti-money…

Powersports lender Octane is on track to exceed its origination estimates as it diversifies its funding strategy to align with…

Powersports manufacturers are bumping up promotional activity on some products in the final month of 2024 to help dealers clear…

President Donald Trump is imposing tariffs on US trading partners worldwide, his biggest assault yet on a global economic system he has…

Demand for certified pre-owned vehicles is outpacing supply, prompting manufacturers to expand vehicle eligibility and eye leasing opportunities.  American Honda’s…

Auto Finance News each month takes a deep look at topics defining the auto finance industry. These features provide a…

Big banks are positioning themselves as technology companies — and they have the patent portfolios to prove it.  Investments in…

Mitsubishi Motors Corp. is raising US prices for some vehicle models as the industry grapples with the fallout of President…

Auto repair costs increased over the past year as consumers leaned into fixing their vehicles and overall costs of car…

Managing inventory will be key to driving profit and loyalty as dealers struggle for better margins in 2025.  Dealer margins…