Powersports dealers, lenders eye used market for growth as new-vehicle sales drop
Powersports lenders and dealers are tapping the used-vehicle market for growth as dealers grapple with falling new-vehicle sales across most…
Auto lenders look to balance customer service with compliance
As the Consumer Financial Protection Bureau picks up steam fresh off a Supreme Court win, auto lenders are looking to…
Auto complaints from service members up 150% (Under the Hood)
While credit reporting issues topped service members’ list of complaints in 2023, grievances about vehicle loans and leases grew at…
ThunderRoad Financial eyes $100M in 2025 deals
Powersports lender ThunderRoad Financial is eyeing multiple forward-flow agreements in 2025 amid larger efforts to revamp its funding strategy and…
Key Metrics for Comprehensive Dealer Health: How to Drive Smarter Risk Management in Automotive Lending
In today’s dynamic automotive industry, effective risk management goes far beyond inventory checks. For lenders, a comprehensive view of a…
Used-vehicle floorplan to see uptick ahead of tariffs
Used-vehicle floorplan financing could gain from tariff-induced tailwinds as dealerships prepare to shrink inventory. Floorplan lender NextGear Capital will benefit…
Lithia captive originations up 41.3% in Q3
Lithia Motors’ finance arm, Driveway Finance, originated $732 million in loans during the third quarter, marking its sixth consecutive quarter…
Nissan prepares to replace CEO after Honda deal falls apart
Nissan Motor Co. is drawing up plans to replace its chief executive officer following another dismal set of earnings and…
CarMax cuts about 350 customer service jobs after weak earnings
CarMax Inc. is laying off hundreds of customer experience center employees, about a month after the used-car retailer disappointed Wall…
Upstart auto originations surge 369%
AI-driven lending platform Upstart’s auto originations surged 369.2% year over year in the first quarter despite seasonal softness. The San…
Upgrade eyes $1B auto originations by yearend
Fintech Upgrade is looking to double its auto originations in 2025 after finalizing its first full year of indirect auto…
Former Tricolor CEO Daniel Chu ‘largely responsible’ for Tricolor fraud, trustee says
Former Tricolor Chief Executive Daniel Chu’s motion seeking sole use of Tricolor’s $15 million insurance designed to fund legal defenses…
Manheim Used Vehicle Value Index down 5.3%
Wholesale used-vehicle values fell year over year in September across every market segment. The Manheim Used Vehicle Value Index…
Podcast: ‘On the Job’ with CULA’s Mark Chandler
Mark Chandler, vice president for business development at Credit Union Leasing of America, lives and breathes the auto industry and…
Lithia captive originations jump 26.4% YoY
Lithia Motors’ finance arm, Driveway Finance reported double-digit growth year over year in originations alongside higher finance and insurance revenue…