The clock is ticking for cheap EV leases after Trump’s win
If the incoming Trump administration eliminates $7,500 federal tax credits for electric vehicles, that would mean the end of popular leases that…
Group 1, Sonic Auto F&I revenue climb in Q2
Retailers Group 1 Automotive and Sonic Automotive reported double-digit year-over-year increases in finance and insurance revenue during the second quarter…
Podcast: ‘Weekly Wrap’ on leasing, NAF Summit
Leasing is picking up in tandem with incentives while used-vehicle values decreased in May — positive signs toward improving affordability. …
Tricolor Auto may file for bankruptcy, sources say
Tricolor Auto Acceptance is preparing to file for bankruptcy as soon as today, putting a halt to expansion discussions ahead…
Evolving state legislation, regulatory trends impact credit union leasing programs
In today’s high interest rate environment, consumers are increasingly turning to leasing as a better, more cost-effective option. This trend…
Bank of America ‘bullish’ on EVs despite tax credit uncertainty
Bank of America remains confident in the long-term growth of the EV market, despite the likelihood that federal tax credits…
Credit Acceptance originations plummet 14.6%
Credit Acceptance Corp.’s originations declined in the second quarter as loan performance weakened more than expected. Southfield, Mich.-based Credit Acceptance…
What expansion of steel, aluminum tariffs mean for auto
An expansion of steel and aluminum tariffs could push costs up for auto manufacturers and retailers, many of whom already…
Lenders turn to AI to streamline dealer portals, accelerate funding
Auto lenders are integrating automation technology to enhance income verification, reduce fraud and improve the dealership experience. Auto lenders are…
Big Wheels: Lease ABS volume rises 65%
Auto asset-backed securitization volume continues to outpace 2023 levels, driven by growth in lease and prime loan deals. Auto asset-backed…
Lenders face steeper deficiency balances as repo levels climb
With auto repossessions nearing a record 2 million units this year, the influx of vehicles at auction will likely pressure…
Inside Pagaya’s 2025 growth plan
Pagaya Technologies in 2025 is focused on growing its base of lenders, scaling with existing institutions within its network and…
RV dealerships should use these 3 strategies to remain compliant
Legal experts recommend that RV dealers thoroughly document and disclose any compliance issues and train their whole staff to avoid…
While boat sales sink, repower sales on the rise
As summer begins, marine dealers have reported a rise in repower sales, or boat engine replacements. April and May saw…
Honda launches CPO leasing to woo first-time car buyers
American Honda has launched a certified pre-owned leasing program to attract first-time car buyers and increase used leasing penetration. The…