Registration open for ‘Closing the GAP: Best Practices in Aftermarket Product Compliance’
Auto Finance News is pleased to present the “Closing the GAP: Best Practices in Aftermarket Product Compliance” webinar on March…
Weak US payroll gain of 22,000 cements case for fed rate cut
US job growth cooled notably last month while the unemployment rate rose to the highest since 2021, fanning concerns the…
Single-pay leases spur customer retention
Automakers such as Mercedes-Benz are leveraging single-pay lease offers to provide flexibility to consumers and drive higher customer retention rates. …
RumbleOn F&I dips 10.5% year over year
Powersports retailer RumbleOn’s finance and insurance revenue fell year over year while floorplan interest expense climbed as the retailer continued…
Ferrari’s loyal buyers to absorb tariff impact, Bernstein says
Ferrari NV can withstand the impact of US auto tariffs because its US customers won’t be deterred by higher prices,…
CarMax Auto Finance originations drop 9%
CarMax Auto Finance’s originations fell in the company’s fiscal third quarter amid rising inventory prices and slowing demand from some customer segments. CarMax Auto Finance (CAF)’s originations decreased 9.3% year over year to $1.8 billion in…
Big Wheels: Used-vehicle values dip 4% year over year
Used-vehicle values declined year over year in August but ticked up on a month-over-month basis. The Exponential Used Vehicle Index…
Automakers eye EV CPO programs
As EVs make up a larger share of new-vehicle sales, leading to more in the used-car market, automakers are considering…
Ford Credit CFO talks earnings growth, 2024 priorities
For the past year, Ford Credit Chief Financial Officer Eliane Okamura has had to master a new role while remaining…
BRP retail sales drop 6% in US
Weaker demand and Bombardier Recreational Products’ focus on inventory reduction led to a dip in U.S. retail sales in the…
Auto stocks up 4% through Black Friday (Big Wheels)
Auto stocks climbed during the holiday week but were down on the first trading day after Black Friday. The Big…
Westlake-backed Axis Auto Finance explores sale
Toronto-based non-prime lender Axis Auto Finance is eyeing a potential merger or sale of the company. Axis formed a “special…
Trump continues to push auto finance tax deduction as campaign issue
Presidential candidate Donald Trump continues to pump a proposed auto loan tax deduction as a key campaign issue just days…
SameDay Auto using third party for force-placed insurance compliance
SameDay Auto Finance is working with a third-party provider to ensure compliance when force-placing insurance, in part to improve communication…
Arvest expands rate sheet, originations double
Arvest Bank’s originations are expected to grow slightly in 2024 on the heels of double year-over-year growth in 2023 following…