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

Used-vehicle inventory is shrinking for EVs and internal combustion engine cars as demand continues to rise. Used EV days’ supply was 34 days at the end of August while used ICE days’ supply was 40 ...

If lenders are the heart, dealers are the arteries through which the lifeblood of auto finance flows. They are driven by a simple incentive: to sell vehicles as efficiently as possible. Lenders that ...

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 ...

Many auto finance apps allow consumers to search for vehicles and manage payments, but they fall short when it comes to providing an engaging user experience long term. Broadly, auto lender apps fall ...

Auto insurance is taking up more of consumers’ income and could contribute to a decline in vehicle purchases. The average annual insurance premium nationwide rose 18% year over year to $2,567 in ...

Outlooks were mixed among subprime lenders in the second quarter, with some concerned about consumer affordability, while others were optimistic amid interest rate tailwinds. Fewer subprime and deep ...

Sustained affordability concerns and stabilized interest rates led to a surge in auto refinance volume in the second quarter. Refinance volume rose 69.1% year over year in Q2 to 115,000, according to ...

President Donald Trump’s latest legal setback on tariffs increases uncertainty for American importers while delaying the economic dividends Commerce Secretary Howard Lutnick predicted the ...

First Northern Credit Union is implementing AI-driven financial calculators this month to improve the lending experience. The $336 million, Chicago-based credit union is replacing its existing ...

Buy here, pay here dealership Oak Motors is slowing approval of credit applications as long-term affordability concerns persists and despite increased volume. “We’ve seen about a 20% decrease in sales ...

The national average for interest rates for new- and used-vehicle loans declined in August as the Federal Reserve teased a rate cut was coming this month amid growing economic strain. The national ...