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

Subprime loan issuance climbed year over year in July but fell month over month as prime consumer demand wanes. The share of auto loans issued to subprime borrowers ticked up 1.6% year over year, ...

Auto lenders are ramping up their refinance programs as interest rates stabilize and more consumers stand to benefit from better loan terms. Subprime lender Arivo Acceptance is working toward an ...

Amid sustained inflation, more high-tech vehicles in the market and tariff-induced uncertainty, aftermarket repair costs are steadily climbing. Vehicle repair costs are up 43% since 2019 to an average ...

Pagaya Technologies’ auto portfolio grew in the second quarter following the fintech’s launch of new underwriting capabilities and improved credit performance. Auto volume surpassed an annualized run ...

Dealers are using Stellantis subsidiary Free2Move to tap into customers who may not qualify for traditional financing or who want an alternative to vehicle ownership. Paris-based Free2Move, ...

Aggressive incentives and an EV sales surge ahead of the elimination of the federal EV tax credit are shrinking dealer inventories. Total new-vehicle inventory fell 4.7% year over year to 2.7 million ...

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 ...

Prices on 3-year-old used vehicles rose to the second-highest second quarter price on record, brought on by rising new-vehicle prices and tighter used inventory. The average transaction price (ATP) ...

Most automakers saw sales climb in July as heavy incentives and the pending elimination of the EV federal tax credit brought in customers. Hyundai Motor America posted its highest July sales on record ...