Chase Auto ‘bullish’ on EVs, private-label
NASHVILLE — Chase Auto remains optimistic about its electric vehicle private-label businesses on the heels of Fisker pausing production and…
Polaris sales slide for 6th consecutive quarter
Polaris’ sales slid for the sixth consecutive quarter, hampered by industrywide sales declines and increased promotions from competitors. Overall sales…
Podcast: AI, tariffs, EVs, compliance take center stage at AFS East 2025
Uncertainty defined much of the conversation at Auto Finance Summit East 2025 last week in Nashville, Tenn., with auto lenders…
SFA: Tricolor collapse not ‘canary in the coal mine’ for subprime ABS
Tricolor Holdings’ bankruptcy likely isn’t a catalyst of significant upheaval for the subprime auto securitization market. Tricolor was a buy…
US automaker stocks dip in wake of parts tariffs
Mixed results marked the automotive stock market’s first trading day after a tariff on all imported auto parts went into…
Used vehicle values sink 0.7% year over year (Big Wheels)
Used-vehicle values dipped sequentially and year over year in November, following YoY declines every month so far this year. The…
Toyota Motor North America US sales rise 10%
Toyota Motor North America’s April U.S. sales increased 10% year over year on a volume basis while fourth-quarter North American…
Securitization trusts subject to CFPB oversight
The United States 3rd Circuit Court of Appeals late last month upheld a lower court’s ruling that securitization trusts are…
US initial jobless claims decline to lowest level since April
Applications for US unemployment benefits unexpectedly fell last week to the lowest level since April, illustrating a solid job market….
Polestar borrows $1 billion to fund rollout of electric vehicles
Polestar has raised $950 million in debt financing as the struggling luxury EV maker seeks funding outside of its parent…
Manheim used-vehicle values rise 0.4% YoY
December wholesale used-vehicle values rose from 2023 but declined sequentially following year-over-year price declines in every product segment. The…
Georgia’s Own expands Octane partnership to include credit unions
Credit unions can purchase powersports loans through a forward-flow agreement between Georgia’s Own Credit Union and Octane, facilitated by loan…
Used-vehicle interest rates drop 26 bps in August (Big Wheels)
The national average for interest rates for new- and used-vehicle loans declined in August as the Federal Reserve teased a…
Auto ABS volume up 11.5% YoY (Big Wheels)
Auto asset-backed securitization issuance volume has outpaced 2023, largely driven by substantial prime deals this month from lenders including Ford…
Volvo takes $1.2 billion charge over tariffs and EV model delays
Volvo Car AB is taking an impairment charge of 11.4 billion Swedish kronor ($1.2 billion) due to delays to some…