EV sales rose in August for both new and used units as consumers continued to rush to dealerships and take advantage of the ...

Tricolor Auto Acceptance is preparing to file for bankruptcy as soon as today, putting a halt to expansion discussions ahead of an unexpected round of furloughs announced late last week, sources ...

Floorplan financiers are facing an increase in fraudulent activity alongside an uptick in risky behavior and poor performance by dealerships. Westlake Flooring Services has seen a rise in recent ...

Shifting priorities within the Consumer Financial Protection Bureau, White House and FTC have changed how regulators approach consumer lending, prompting auto lenders and dealers to wait for clearer ...

Powersports lender Octane Lending exceeded $1.5 billion in forward-flow deals over the past 10 months after it closed an agreement with investment management firm Moore Capital Management. Under the ...

Used-vehicle prices rose year over year in July but were down sequentially, with tariff-induced market uncertainty contributing to pricing and inventory trends. The Manheim Used Vehicle Index reached ...

The Consumer Financial Protection Bureau has proposed changing its definition of larger participants in the auto finance market, potentially removing some nonbank auto finance companies from its ...

President Donald Trump unveiled a slew of new tariffs that boosted the average US rate on goods from across the world, forging ahead with his turbulent effort to reshape international commerce. The ...

Powersports lender Octane has inked an agreement with Honda that allows nonprime customers to finance Honda powersports products for the first time. As of July 30, Octane provides nonprime financing ...

KKR & Co. and Pacific Investment Management Co. have each agreed to purchase a stake in Harley-Davidson Financial Services and buy more than $5 billion in existing loan receivables, Harley-Davidson ...

Pagaya Technology’s lenders are leaning on the expansion of their dealership networks for growth as credit quality worsens and credit access remains mixed. Pagaya reported a 50% quarter-over-quarter ...

Huntington Auto Finance’s originations grew in the second quarter, in line with trends reported by national banks. Wells Fargo Auto and Chase Auto both reported Q2 originations growth this week. U.S.