Credit access improves as Credit Availability Index rises 3.6% YoY
Auto credit access expanded for consumers in June while new-vehicle prices continued to tick up. The Dealertrack Credit Availability Index,...
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Castlelake to buy up to $2.5 billion of Pagaya consumer loans
Castlelake LP has agreed to purchase as much as $2.5 billion of consumer loans from financial technology firm Pagaya Technologies,...
3 ways the One Big Beautiful Bill affects auto
President Donald Trump’s One Big Beautiful Bill, passed July 4, could affect the automotive and auto finance industry in several...
Auto stocks fall 2% post-July 4 (Big Wheels)
Auto stocks fell after spiking before Independence Day on the heels of policy shifts and robust incentives by OEMs. The...
Inside SCUSA’s new pre-qual, dealer lead-gen tool
Santander Consumer USA launched a new pre-qualification tool this month to dealership websites through a subscription-based digital retail tool. The...
Complaint pace reignites after March slowdown (Under the Hood)
Auto loan- and lease-related complaints filed through June 30 with the Consumer Financial Protection Bureau surged 38% year over year....
Powerboat retail sales sink 9% YoY through April
Marine sales continued to sink headed into the spring amid sustained interest rates and unfavorable weather conditions. New powerboat retail...
Carvana’s top shareholder files to sell $245 million in stock
Carvana Co.’s largest shareholder, Ernie Garcia II, who is also the father of the auto retailer’s founder and chief executive...
Nissan clinches $4.5 billion bond deal after orders soar
Nissan Motor Co. has raised $4.5 billion from a junk-bond sale in US dollar and euros, with the embattled automaker...
