Thor Industries sales rise 3%
RV manufacturer Thor industries’ sales increased during its fiscal third quarter as promotions ticked up and inventory shrank. Elkhart, Ind.-based…
Auto lenders tap private credit to expand their funding tool kit
Strong investor interest has spurred increased asset-backed securitization volume and an uptick in private credit transactions, contributing to a shifting…
Nissan job cuts double to 20,000 in huge overhaul, NHK says
Nissan Motor Co. will eliminate 11,000 more jobs than previously planned, NHK reported Monday, as part of a plan to…
Set pricing, agency model gain steam outside U.S.
Agency sales models, in which auto manufacturers sell vehicles directly to consumers and use dealerships to deliver the cars, are…
Vervent CEO says Tricolor ‘vaporized’ over a weekend amid sudden collapse
Tricolor’s sudden slide into Chapter 7 bankruptcy forced backup servicer Vervent to take on additional operational tasks on top of…
New Chase Auto CEO eyes expanding partnerships
NASHVILLE, Tenn. — Chase Auto Chief Executive Leslie Wims Morris identified three focus areas for the company during a fireside…
Podcast: Used EV sales outpace new as Trump bill ends tax credits
President Donald Trump’s One Big Beautiful Bill marks the end of the federal EV tax credits at a time when…
Transportation industry banks on gen AI for autonomous solutions
As the equipment industry continues to develop autonomous solutions, the transportation industry sees gen AI as the key to on-road…
Vroom subsidiary UACC’s originations up 7%
Vroom subsidiary United Auto Credit Corp.’s indirect originations increased in the third quarter as the lender’s portfolio shrank due to…
JPMorgan Chase names Piepszak COO
JPMorgan Chase today promoted Jennifer Piepszak to chief operating officer. Jennifer Piepszak Piepszak, who has been serving as co-CEO of…
Ford Credit CFO: Dealer support, tech, portfolio health are H2 goals
Heading into the second half of 2025, Ford Credit Chief Financial Officer Eliane Okamura is eyeing ways to help drive…
Dealers find financing workarounds amid CDK cyberattack
Some auto dealerships were affected more than others after a cyberattack struck dealer software provider CDK Global today, the second…
High prices, rising debt add to ‘affordability crisis’
New-vehicle affordability was flat in September as consumers faced ongoing challenges related to high prices, elevated interest rates and rising…
Residence document recycling scam spans seven lenders
The discovery of a sophisticated fraud pattern involving the deliberate reuse of residence documents across multiple auto loan applications highlights…
Boat registrations drop 18% in May
U.S. boat retail registrations plummeted in May as consumers curbed discretionary spending amid economic uncertainty. Boat retail registrations dropped 18%…