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

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 ...

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 ...

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 ...

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 ...

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 ...

Tricolor Auto Acceptance is not responding to reports that the subprime lender has furloughed employees and suspended operations amid financial challenges. A letter dated Sept. 5 and shared on ...

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 ...

America’s Car-Mart employed enhanced underwriting standards across nearly 72% of its portfolio in the first quarter as the retailer focused on disciplined originations. The buy here, pay here car ...

Amanda Harris is a writer and editor based in South Carolina. Her work has appeared in multiple publications in the state. Before joining the auto finance team, Amanda was a longtime reporter covering ...

Auto dealers across the country saw increased sales in March and early April as consumers purchased ahead of anticipated tariff-related ...

Some automakers’ sales climbed in August, in part from an EV sales rush ahead of the tax credit elimination. Automaker General Motors, which typically does not release monthly sales figures, reported ...