When Tricolor founder Daniel Chu made his pitch to investors, he touted the used-car company’s end-to-end model: They sold cars,…

Several companies in the automotive and powersports industries made changes to their diversity, equity and inclusion initiatives following social pressure…

Towable values dipped in July as the RV market approaches the end of its traditional seasonal sales peak. Average wholesale…

Marine dealers remain reluctant to order inventory despite a decline in supply in August, largely due to macroeconomic uncertainty, as…

USAA is improving its mobile app during the next 18 months to allow for a fully digital loan application experience….

The auto finance industry was weaker in August on a year-over-year and sequential basis, largely due to a decline in…

Capital One’s planned acquisition of credit card company Discover Financial Services presents the bank with an opportunity to cross-sell its…

Automotive industry veteran Mark Chandler has died, Credit Union Leasing of America announced last week.   Mark Chandler Chandler held multiple…

Anne Burns, the trustee in charge of Tricolor Holdings, can operate some parts of the business to secure Tricolor’s assets…

Hyundai Capital America is partnering with Hyundai Translead to launch a new captive finance arm, Hyundai Translead Capital.  Hyundai Translead Capital aims to streamline and expand financing options for the trailer manufacturer’s customers and dealer…

Financial fraud is escalating worldwide. The global cost of fraud and cybercrime is projected to hit $10.5 trillion this year,…

CarMax Auto Finance increased its provision for credit losses due to an uptick in expected losses, while originations ticked down…

Demand for used vehicles is strong as supply remains limited and affordability is top of mind for consumers.   The…

Ford Credit’s finance penetration rate dropped in the first quarter amid tariff concerns and rising credit losses. U.S. financing penetration…

Snowmobile retail sales and origination volumes were down during the winter selling season this year as snowfall across the United…