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OEMs see EV sales plummet in November, ICE ticks down
Electric vehicle sales plummeted in November as consumers pulled back spending in the wake of fewer EV-specific incentives. Ford Motor’s...
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CAC former CEO Ken Booth says tech, disciplined approach are key
In Ken Booth’s more than 20 years at Credit Acceptance Corp., he has focused on technology enhancements, portfolio growth, and...
Auto Finance Capital Summit agenda is now live
Auto Finance News is pleased to announce the inaugural Auto Finance Capital Summit, taking place May 11-12 at the JW...
BRP’s North American retail sales dip 4%
Continued inventory reduction and macroeconomic headwinds contributed to a dip in Bombardier Recreational Products’ U.S. retail sales in its fiscal...
America’s Car-Mart consolidates 5 stores, lays off 10% of workforce
Amid a $22.5 million net loss in its fiscal second quarter ending Oct. 31, buy here, pay here dealer America’s...
Treasuries slide as new jobless claims unexpectedly slump
Treasuries fell after jobless claims dropped to their lowest level since 2022 in one of the last readings on the...
Tricolor bondholders seek to subpoena JPMorgan Chase, Fifth Third
A group of Tricolor bondholders has requested to subpoena JPMorgan Chase and Fifth Third Bank to learn whether they had...
Auto ABS performance projected to weaken in 2026
Performance across securitized auto loans is expected to weaken further in 2026 as borrowers continue to face higher costs. Nonprime...
Dealer incentives boost November sales amid affordability challenges
Holiday incentives boosted sales at dealerships, but affordability concerns and lower approvals challenged some market segments. Leading up to Black...
