NextGear AVP of Finance Makinson joins Auto Finance Summit East 2025
Auto Finance News is pleased to announce that Justin Makinson, assistant vice president of finance at NextGear Capital, will join a discussion on…
Used-vehicle loan rates fall 32 basis points (Big Wheels)
National average loan rates for new and used vehicles continued to decline in June even as the federal benchmark remained…
Podcast: Breaking down Tricolor Auto’s collapse
Tricolor Holdings’ chapter 7 bankruptcy filing on Sept. 10 has led to ratings downgrades for the financier and talks of…
Powersports promotions rise in December
Powersports promotions increased in December on a year-over-year basis as dealership inventory rose and consumer demand deteriorated. Manufacturers have been…
Auto lenders use AI, machine learning to track borrower habits
Auto lenders are eyeing automated tools and AI for information on borrowers’ habits and repayment history. Tysons, Va.-based PenFed Credit…
MarineMax F&I revenue up 15%
Marine retailer MarineMax’s finance and insurance revenue increased in its fiscal year second quarter 2025 as net sales grew even…
US economy expands at revised 3.3% rate on stronger investment
The US economy expanded in the second quarter at a slightly faster pace than initially estimated on a pickup in…
Losses rise across prime, nonprime securitized auto loans (Big Wheels)
Losses across prime and nonprime securitized auto loans increased sequentially and year over year as auto asset-backed securitization volume outpaces…
E-contracting volume grows 29% year over year
The volume of auto loans originated digitally increased during the second quarter despite relatively flat auto sales that were caused…
US retail sales strengthen on jump in motor vehicle purchases
US retail sales increased at a firm pace in November, bolstered by a surge in car purchases and solid online…
Podcast: Repos up as prices rise, stronger sales cut supply
Amid increased vehicle values, a rise in vehicle repossessions and continued tariff-induced uncertainty, Auto and powersports players are implementing new…
Camping World F&I revenue up 9.8%, used sales jump
RV dealer group Camping World’s finance and insurance revenue increased in the first quarter as used vehicle sales saw a…
Ally Financial auto originations jump 12.2%
Ally Financial’s auto originations rose in the second quarter as application volume set a record and lease activity picked up. …
Industrywide originations dip 1% amid affordability challenges
Affordability and inflation headwinds that affected origination volumes at the end of 2023 continued to pose challenges for auto players…
Motorhome values climb 13.6% in March
Seasonal trends brought strength to motorhome values, which climbed year over year in March while towable values declined during the…