A university professor’s dive into auto loan data
An episode of dealership reality show “King of Cars” spurred Rice University finance professor James Watson to spend five years…
Manheim Used Vehicle Index falls 12.1%
Wholesale used-vehicle values declined month over month and year over year in May, but used-vehicle sales inched up sequentially. …
U.S. Bank’s John Hyatt on sustainability, auto finance growth
U.S. Bank is focused on sustainable growth while investing in its digital channels across auto and powersports. The auto finance…
Auto lenders lean into AI for customer service
Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses…
SAFCO eyes growth following Colombian financier investment
Subprime lender Southern Auto Finance Co. is looking to grow on the heels of a minority investment from a Colombia-based…
Podcast: Used-vehicle prices rise, EV financing share up
Wholesale used-vehicle prices increased year-over-year for the first time since August 2022, while incentives are picking up to drive sales…
Auto lenders, dealers duplicating aftermarket compliance efforts
Ancillary product regulations are getting harder to keep track of. The aftermarket compliance landscape is shifting as federal and state…
CFPB report on auto lending expected in Q1
LAS VEGAS — The American Financial Services Association is expecting an auto finance report from the Consumer Financial Protection Bureau…
US producer prices jump on eggs but Fed categories come in soft
US wholesale inflation unexpectedly accelerated in November on a surge in egg prices, while other categories suggested a muted increase…
Ford offers free electric vehicle chargers in bid to boost sales
Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to…
Floorplan lenders see boost as banks pull back
Independent dealership floorplan financing providers First Business Bank and NextGear Capital’s floorplan financing portfolios have grown year to date as…
Stellantis North America shipments down 20.2%
Stellantis’ North America shipments and sales declined in the first quarter, while captive Stellantis Financial Services’ lease portfolio was up…
Powersports market slows down
Debt burdens, elevated interest rates and dampened consumer demand have contributed to an overall slowdown of the powersports market so…
DOGE-Backed halt at CFPB comes amid Musk’s plans for ‘X’ Digital Wallet
In another weekend takeover of a federal agency’s operations, staffers from an efficiency initiative led by billionaire Elon Musk helped…
Li Auto revenue goal misses estimate as competition heats up
Li Auto Inc. forecast first-quarter earnings that missed analyst estimates amid intensifying competition in China, the world’s largest automobile market….