Credit unions see leasing uptick
Credit unions are seeing an uptick in leasing activity this year as consumers continue to grapple with affordability. Leasing volume…
CAC originations fall 16.5%
Credit Acceptance Corp.’s originations decreased in the third quarter as the subprime lender faces increased competition and worse-than-expected loan performance. …
HOG closures accelerate amid declining sales, pending HDFS transaction
Amid declining sales and pending leadership changes, Harley-Davidson dealerships are shuttering on the heels of several nationwide dealership closures in…
Split reactions: Industry divided on CFPB’s larger participant rule
The automotive industry is divided on its support of the Consumer Financial Protection Bureau’s proposed revision of its definition of…
HDFS originations down 16%, credit losses rise
Harley-Davidson Financial Services increased its provision and allowance for credit losses in the fourth quarter as originations and sales slowed. …
Polaris aligns shipments as sales drop 20%
Powersports manufacturer Polaris reduced shipments and supply to meet dealer demand as sales fell 20% year over year during the…
Big Wheels: Used-vehicle values decrease in February
Wholesale used-vehicle values fell in February as dealers loaded up supply for the spring selling season and retail sales increased….
F&I opportunities abound as market resets
Dealers are poised to lean harder on finance and insurance revenue in 2025 amid rising inventory, declining vehicle prices and…
National average FICO score drops for first time in decade
The average consumer credit score in the US has dropped for the first time in a decade, albeit by just…
Beige Book: Consumers pulling back on purchases
Lenders in some Federal Reserve bank districts reported falling demand for auto loans and slowing car sales through early July…
Westlake, Carputty launch new prequal program
Lender Westlake Financial and online direct lender Carputty are partnering on a prequalification tool borrowers can use to fund vehicle…
Podcast: ‘Weekly Wrap’ on leasing, HOG earnings
Captives’ second-quarter earnings last week reflected portfolio growth despite affordability and incentive challenges. Ford Credit and GM Financial’s outstandings increased…
Loan volume drives up GM Financial originations 23%
GM Financial set a quarterly record for originations in the fourth quarter driven by higher retail loan volume in North…
Motorhome values rise 7.7% year over year
Mortorhome values increased year over year and month over month in July while towable values inched up sequentially but fell…
GM cuts bolt EV production plan as tax credit loss looms
General Motors Co. will start the launch of the Chevrolet Bolt electric vehicle in December with one shift at its…