NextGear Capital, which provides floorplan financing to independent dealers, closed its second ABS transaction of the year this month.
More RV dealerships could consolidate as weak sales pressure lower-volume stores, while manufacturer Winnebago is monitoring dealer finances ...
Lithia Motors’ captive arm Driveway Finance reported year-over-year originations growth as finance penetration ticked ...
Allegations against vehicle shopping platform CarGurus highlight a regulatory approach that captures every player in automotive shopping.
Mercedes-Benz USA has approved NETSOL Technologies as a digital retail provider for its U.S. dealership network ...
After being bolstered by wealthy customers in 2026, the auto industry must prioritize middle-market consumers to grow in 2027 ...
GM Financial’s originations slid in the third quarter as General Motors’ sales declined, but credit performance held steady ...
Loan tranches from subprime auto lenders that tightened credit guardrails after 2022 vintages underperformed could appeal to ...
Atlanticus Holdings sold its auto finance unit and exited the sector last month to pay down debt and invest in higher-growth ...
Ally Financial’s auto originations grew year over year in the third quarter while the lender reported increased delinquencies ...
California’s new-vehicle sales rose in the third quarter following increased hybrid adoption and interest rate incentives ...
Auto lenders are modifying or extending delinquent consumers’ loans to keep them from repossession even as delinquency rates ...