Retailer Group 1 Automotive’s finance and insurance revenue grew in the fourth quarter while sales fell and floorplan costs declined. Group 1’s F&I revenue ticked up 1.9% year over year to $229.7 ...

Gaps in data verification likely contributed to missed double-pledging of assets at Tricolor Auto, prompting changes at rating agencies, Larry Chiavaro, president at his consulting company LC Advisors ...

Octane has raised $100 million in a series F round as part of its effort to continue to shore up capital, further diversify funding channels and support growth in 2026. The New York-based powersports ...

Wilmington Trust, National Association, a subsidiary of M&T Bank, as trustee for Tricolor Auto, is responsible for facilitating payments and providing protection for noteholders, managing defaults and ...

Fintech powersports lender Octane closed a $350 million forward-flow deal with investment manager Nuveen, the latest in the lender’s efforts to diversify its funding. Octane’s deal spans powersports ...

Bank of America has expanded its dealer network to a record high as it works to connect dealers and consumers through digital tools that aim to speed up transaction times. The bank’s dealer network ...

Powersports lenders came to market in recent weeks with recreational vehicle loan-backed securitizations amid consumer affordability concerns. M&T Bank and U.S. Bank issued asset-backed securitization ...

RideNow Group Inc. secured an additional $35 million in floorplan financing capacity, expanding the company’s liquidity as it ...

Global Lending Services has joined Nissan Motor Acceptance Corp.’s dual pass-through program for subprime borrowers. NMAC has since 2014 offered its SignatureACCESS subprime pass-through program, ...

Auto dealers and lenders are looking to new technologies and ventures to grow operations as the retail auto market faces uncertainty, especially around used vehicles and EVs, in 2026.

Upgrade’s auto originations soared in the first half of the year as it expanded its dealer network and launched new services. Head of Auto Scott Raymer told Auto Finance News that the San ...

Chase Auto’s digital strategy separates its performance metrics into three pieces, Head of Retail and Consumer Strategy Rohan ...