Powersports retailer RideNow Group’s finance and insurance revenue rose in the first quarter as same-store revenue, gross ...
Stellantis Financial Services received approval to form an industrial bank, allowing it to tap FDIC insurance and expand its ...
Ford Credit expects to issue upward of $33 billion in public funding volume in 2024 and to increase its auto asset-backed securities issuance on a dollar basis by yearend. The captive issued $10 ...
December saw the most subprime consumers at least 60 days late on their monthly auto payments in recorded history amid high vehicle financing costs. The rate of subprime auto 60-plus-day delinquencies ...
Big Wheels Auto Finance Data, the industry data intelligence platform on Auto Finance News, today announced the release of ...
Motos America, the parent company of a network of motorcycle dealerships, has filed for Chapter 11 bankruptcy protection, citing liquidity pressures and corporate debt. The company reported estimated ...
A snowball effect started by rising gas prices could make it more difficult for subprime borrowers to afford vehicles, while ...
Tesla’s lease penetration shrank in the fourth quarter as deliveries declined and production slowed. The Austin, Texas-based EV manufacturer delivered 418,227 vehicles in Q4, down 15.6% year over year ...
Lenders and retailers are encouraging certified pre-owned lending and expressing interest in leasing certified pre-owned ...
Honda Motor Co. forecast a rebound in operating profit for the current fiscal year, even after an ill-timed bet on electric ...
Tricolor Auto Acceptance Chief Executive Daniel Chu resigned from the board of directors for Origin Bank days before the lender filed for Chapter 7 bankruptcy. Origin also placed its $30.1 million in ...
Bank of America Securities expects U.S. retail auto ABS issuance to decline in 2026 amid softer vehicle sales and ...