Camping World F&I revenue up 1.6% year over year
RV dealer group Camping World’s finance and insurance revenue fell sequentially but rose year over year in the third quarter…
Tech complexity spurs enhanced risk measures
Advances in digitalization and machine learning are sparking a need for lenders to revisit operational risk management protocols. In the…
Polaris, Suzuki incentives surge in June
Off-road vehicle incentives are surging in June as manufacturers vie for market dominance. Manufacturers Bombardier Recreational Products and Polaris are…
Podcast: Q3 earnings season begins, Octane enters marine
Chase Auto and Wells Fargo kicked off the Q3 earnings season last week, with both lenders reporting flat or lower…
Under the Hood: Social sites shed light on consumers’ auto loan concerns
Financiers expect lending conditions to worsen, and dealers perceive the auto market as weak, according to recent surveys, but for…
Carvana launches real-time down payment capabilities
Carvana has implemented request for payments technology and instant payments capabilities for down payments on vehicle purchases, allowing consumers to…
From rates to refunds: Preparing for an auto loan refinancing bump in 2025
As we approach 2025, the auto lending landscape is poised for a significant shift, driven by the Federal Reserve’s interest…
US GDP growth was slower last quarter on soft consumer spending
The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending…
U.S. Bank originations up 21.5%
U. .S. . Bank’s originations climbed year over year in the second quarter as banks’ Q2 earnings so far have…
GM appoints Turovsky as first chief AI officer
Barak Turovsky, GM Barak Turovsky has joined General Motors as its first chief AI officer, according to a post shared…
Fifth Third auto net charge-offs rise in Q4
Fifth Third Bank’s auto outstandings grew in the fourth quarter while credit losses rose. The bank’s indirect secured consumer portfolio,…
Auto loan rates drop further following latest Fed cut (Big Wheels)
Auto loan rates on new and used vehicles fell year over year in December following the third consecutive rate cut…
CFPB X account ‘doesn’t exist’ anymore
The Consumer Financial Protection Bureau’s X account is gone. “This account doesn’t exist,” reads social media platform X, formerly Twitter, on what used to…
US hiring picks up, showcasing solid job market ahead of tariffs
US job growth topped all forecasts in March, suggesting the labor market was holding up well before President Donald Trump’s…
Carvana originations nearly flat as credit tightens
Used-vehicle retailer Carvana’s loan originations ticked down in the fourth quarter following months of credit tightening as the company eyes…