New-car sales projected to rise 4.6% in April
New-car sales are expected to rise in April as consumer demand increases amid economic uncertainty. Sales for new vehicles are…
Proposed March 4 tariffs loom over auto industry
Looming tariff concerns continue to pressure the U.S. equipment and automotive industry, with another round of tariffs set to begin…
Trump to exempt car parts from Tariffs on China imports, FT says
The Trump administration is considering reducing tariffs on auto parts ahead of a May 3 deadline that has drawn the…
Tesla names FI Connect a preferred lending partner
FI Connect, Origence’s top-of-the-funnel lending arm, has ramped up the volume of Tesla vehicles financed through its preferred partnership with…
BMW Financial names Ole Jensen CEO
BMW Group Financial Services named Ole Jensen as president and chief executive in the U.S. and head of the captive’s…
Off the Lot: The ramifications of EV transition
Lately, wherever you turn in the automotive world, there are stories about electric vehicles, focusing on current pricing, new entrants,…
ABF experts call on auto lenders for assistance to mitigate fraud
As the market calls for more transparency, auto lenders should assist potential investors in understanding their business model to avoid…
CFPB funding under new scrutiny
The Consumer Financial Protection Bureau is facing additional challenges that call into question the legality of the bureau’s funding. …
Porsche names new finance, sales chiefs in strategy reset
Porsche AG’s supervisory board has chosen company insiders to replace its finance and sales chiefs as the Volkswagen AG luxury…
Auto delinquency rates up for 34th month in row
Auto delinquency rates rose again in July, marking 34 consecutive year-over-year increases as inflationary pressures and elevated interest rates have…
ATP reaches 2024 high, up 1.5% year over year
Average transaction prices rose for the second month in a row in November, reaching their highest level of 2024. The…
Powell tells congress Fed still in no rush to lower rates
Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that…
MarineMax F&I revenue up 8.6%
Marine retailer MarineMax’s finance and insurance revenue rose in its fiscal 2025 as net sales increased alongside Brunswick product sales. MarineMax is the largest retailer of Sea Ray…
5 questions with … Synchrony SVP of Credit Acquisition Strategy Anita Chalkley
Anita Chalkley, senior vice president of credit acquisition at Synchrony Financial, draws on personal credit challenges to advocate for broader financial…
New-vehicle loan rates fall 27 bps (Big Wheels)
Average auto loan rates for new and used cars continued to drop in April across the country following the Federal…