Lease equity has turned negative for the first time in five years, likely prompting an uptick of lease returns to the wholesale used-vehicle market. The Cox Automotive Lease Equity (CALE) trends metric stood at negative $389 in November…
RV and marine manufacturer Winnebago Industries’ promotional liabilities saw a yearly increase but a steep quarterly drop in the third…
RV and marine manufacturer Winnebago Industries reported a rise in promotional liabilities in the fourth quarter of fiscal 2025, as…
EVs made up a larger portion of new cars financed in the third quarter as consumers rushed to take advantage…
US job growth last month topped all estimates, the unemployment rate unexpectedly declined and wage growth accelerated, reducing the odds…
LAS VEGAS — Penske Automotive has seen no disruption in credit availability for its customer base despite an industrywide pullback…
A “one-size-fits-all” approach to technology investment in the auto industry lacks the flexibility lenders need as they work to enhance…
Dimmitt Automotive Group is shifting its focus to leasing as financing penetration dipped in 2023 and elevated interest rates prompted…
Used-vehicle values declined again in March while car sales improved as the industry shifts toward a buyers’ market. The Manheim…
Expiration of federal tax credits for new and used electric vehicles could contribute to price volatility, hurting recoveries and leading…
Ally Financial’s second-quarter auto originations dipped year over year while credit performance worsened. Originations landed at $9.8 billion, unchanged…
Motorhome and towable values were mixed year over year in January as dealers’ used-inventory acquisitions remained muted. Average motorhome values…
Porsche Financial Services’ first prime auto lease asset-backed securitization transaction of 2025 is the lender’s first lease deal to include…
A smaller share of US banks reported stricter credit standards in the second quarter, according to the Federal Reserve. ….
The auto finance industry strengthened in January driven, in part, by a more favorable capital market for auto finance assets. …