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autofinancenews
1 天
Losses rise across prime, nonprime securitized auto loans (Big Wheels)
Losses across prime and nonprime securitized auto loans increased sequentially and year over year as auto asset-backed ...
autofinancenews
1 天
Boosting Market Share: How Auto Lenders Can Leverage Real-time Data To Get Ahead
The automotive retail industry has experienced significant ups and downs since the COVID-19 pandemic. During the pandemic, ...
autofinancenews
1 天
Used EV sales rise 64.4% year over year
Sales of used and new EVs increased month over month and year over year in August while days’ supply tightened. “During Q2 and Q3, there have been consecutive months of over 100,000 EV sales,” ...
autofinancenews
2 天
Thor incentives rise as yearend sales decline
RV retailer Thor Industries increased promotional offers year over year in the fourth quarter of its fiscal 2024 as ...
autofinancenews
2 天
Leasing drives EV adoption, but consumer skepticism persists
EV leasing has helped drive adoption, but more education is needed to win over skeptical consumers. “We have an EV ...
autofinancenews
2 天
2 ways AI can assist lenders with compliance
Artificial intelligence can help auto lenders streamline compliance while making operations more efficient.
autofinancenews
2 天
Stellantis searches for Tavares successor as pressure rises
Stellantis NV Chairman John Elkann has started a search for a successor to Chief Executive Officer Carlos Tavares, whose ...
autofinancenews
6 天
August powersport sales dip 5.4% year over year
Powersport sales worsened for more dealers in August, marking the sixth consecutive month of sales declines amid ongoing ...
autofinancenews
7 天
UAW moves toward Stellantis strike as tensions escalate
The United Auto Workers will ask members to green light a strike against Stellantis NV, escalating an already tense standoff ...
autofinancenews
8 天
Fed cuts rates by half point in decisive bid to defend economy
The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, in an aggressive start to a ...
autofinancenews
7 天
Under the Hood: Social sites shed light on consumers’ auto loan concerns
Financiers expect lending conditions to worsen, and dealers perceive the auto market as weak, according to recent surveys, ...
autofinancenews
3 天
New Octane President Fernald talks funding strategy
Powersports lender Octane is on track to exceed its origination estimates as it diversifies its funding strategy to align ...
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