Used-car demand strong amid tight credit, rising DQs
Demand for used vehicles is strong as supply remains limited and affordability is top of mind for consumers. The used-car turnover rate rose 8.4% year over year in August to 43 days for franchise dea...
16 Sep 20246min
Automakers pull back on DEI amid social shifts
Several companies in the automotive and powersports industries made changes to their diversity, equity and inclusion initiatives following social pressure to scale back targeted DEI strategies. Ford ...
9 Sep 20246min
Regulators eye AI, aftermarket sales practices
Regulators are scrutinizing practices surrounding the use of artificial intelligence and machine learning as well as aftermarket product sales, prompting auto lenders to review processes for themselve...
26 Aug 20247min
Lenders weighing benefits of force-placed insurance
Subprime lenders are weighing the risks and benefits of protecting assets through force-placed insurance as credit-challenged borrowers face continued affordability issues, while some lenders tap into...
19 Aug 20247min
Weekly Wrap discussion on originations, AI-driven lending
In this episode of the “Weekly Wrap,” Auto Finance News Associate Editors Ashley Savage and James Van Bramer discuss trends in financier earnings, AI-based lending updates, finance and insurance reven...
12 Aug 20244min
Weekly Wrap discussion on Q2 earnings, e-contracting
In this episode of the “Weekly Wrap,” Auto Finance News Associate Editors Ashley Savage and James Van Bramer discuss trends in financier earnings, technology, EVs and the powersports market for the we...
5 Aug 20244min
Weekly Wrap discussion on leasing, HOG earnings
Captives’ second-quarter earnings last week reflected portfolio growth despite affordability and incentive challenges. Leases are a key driver for dealers as consumers continue to be hesitant amid inf...
29 Jul 20245min
Weekly Wrap discussion on leasing, earnings, sales
Second-quarter bank earnings continue to point to mixed loan production volume and a rise in leasing spurred by EVs. U.S. Bank originated $1.9 billion in Q2, up 21.5% year over year while outstandings...
22 Jul 20243min
