Tariffs prompt lower auto ABS forecasts, DQ rise
Prolonged auto tariffs could lead to a decline in auto securitization issuance and worsened credit performance. Deutsche Bank lowered its…
Average used-vehicle loan rates drop 29 bps YoY in May (Big Wheels)
National average loan rates for new and used cars continue their fall this month amid steady Federal Reserve rates. …
Dealers could be biggest holdouts in EV transition
The Biden administration last week revised its electric vehicle mandate and provided a longer runway for manufacturer and consumer adoption,…
US tariff uncertainty delays economic ‘power’ Lutnick predicted
President Donald Trump’s latest legal setback on tariffs increases uncertainty for American importers while delaying the economic dividends Commerce Secretary…
CarMax Auto Finance originations down 1% year over year
CarMax Auto Finance’s originations declined in the third quarter as the lender looked to improve collections and underwriting for better…
American Honda urges dealers to tap into CPO leasing
American Honda is aiming to bolster sales and consumer loyalty by training dealers on certified pre-owned vehicle leasing. The company…
May sales mixed across OEMs
May sales were mixed across the major auto manufacturers as overall new-vehicle retail sales declined following a vehicle-purchasing frenzy in…
Podcast: Vehicle repair costs up 43% since 2019, Synchrony says
Amid sustained inflation, more high-tech vehicles in the market and tariff-induced uncertainty, aftermarket repair costs are steadily climbing. Vehicle repair…
CPO vehicle sales could drop 1.6% YoY in 2025
Certified pre-owned vehicle sales are projected to decline in 2025 amid tight supply that has driven down sales at major…
CAC’s Ken Booth to retire, new CEO named
Credit Acceptance Corp. today named a new chief executive and president to replace the retiring Kenneth Booth. The auto lender’s…
Consumers misclassify issues in new CFPB complaint category
A newly created category in the Consumer Financial Protection Bureau’s complaint database generated nearly 3,000 grievances last year, 23% of…
Tesla leasing penetration, deliveries decline amid competition
Tesla’s leasing penetration and deliveries dipped in the second quarter as the EV maker faces increased competition from automakers bringing…
US producer prices rise less than forecast, dragged by services
US producer prices rose in July by less than forecast, reflecting the first decline in services costs this year amid…
Vista-backed auto data firm Solera files confidentially for IPO
Vista Equity Partners-backed automotive data and software services provider Solera Global Corp. has filed confidentially for an initial public offering….
Fed cuts rates quarter point, sets end to balance-sheet runoff
Federal Reserve officials delivered their second consecutive interest-rate reduction to support a softening labor market, and said they would stop…