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United Auto Workers (UAW) members and supporters on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, US, on Wednesday, Sept. 20, 2023. The United Auto Workers said more of its members will go on strike at General Motors Co., Ford Motor Co. and Stellantis NV facilities starting at noon Friday unless substantial headway is made toward new labor contracts. Photographer: Emily Elconin/Bloomberg

Capital & Funding

UAW strike may prompt increased recovery rates

byAmanda Harris

September 20, 2023

A prolonged United Auto Workers strike could reduce vehicle production and limit new-vehicle inventory, potentially prompting an uptick in new-...

The Consumer Financial Protection Bureau headquarters

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POWERSPORTS FINANCE

Photographed rv and camping show in georgia.

Powersports Finance News

Towable values drop 13% as dealer inventory woes persist

September 13, 2023

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BRP powersports sales grow 41% QoQ

September 8, 2023

WEEKLY WRAP

Risk Management

Podcast: ‘Weekly Wrap’ on BMO indirect exit, RV values

September 18, 2023

PODCAST

Listen to the latest podcasts covering best practices and trending topics in automotive lending and leasing.

Operations

5 questions with … Spring Free EV co-founder and Chief Product Officer Tenni Theurer

September 11, 2023

Auto Finance Excellence

Podcast: ‘On the Job’ with FreedomRoad Financial EVP and Managing Director Tom Collins

September 7, 2023

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Westlake portfolio grows following product launches

byAmanda Harris

September 19, 2023

Westlake Financial increased its number of funded auto loans by more than 50% year over year in July in some of...

Cars on a dealer lot with dew on the windshield

America’s Car-Mart appoints new CEO, other personnel moves …

byAmanda Harris and Riley Wolfbauer

September 19, 2023

Campbell named CEO at America’s Car-Mart Douglas Campbell The board of directors at buy here, pay here dealership America’s Car-Mart...

United Auto Workers (UAW) members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toldeo, Ohio, US, on Monday, Sept. 18, 2023. The United Auto Workers began a strike Friday against all three of the legacy Detroit carmakers, an unprecedented move that could launch a costly and protracted showdown over wages and job security.

UAW warns it will expand strikes if no serious progress is made by Friday

byBloomberg News

September 19, 2023

The United Auto Workers said more of its members will go on strike at General Motors Co., Ford Motor Co....

The Bank of Montreal (BMO) headquarters in Toronto, Ontario, Canada

BMO exits indirect auto lending

byAmanda Harris

September 18, 2023

BMO Financial Group exited indirect auto lending Friday as the bank looks to prioritize its resources following layoffs in recent...

Podcast: ‘Weekly Wrap’ on BMO indirect exit, RV values

byRiley Wolfbauer

September 18, 2023

The indirect auto lending landscape continues to shift as BMO Financial Group exited indirect auto lending Friday following layoffs while...

Upgrade CEO Renaud Laplanche on entrance into indirect auto

byRiley Wolfbauer

September 18, 2023

Fintech Upgrade broke into indirect auto finance in the first week of September even as other lenders have pulled back...

Credit unions loosen standards MoM as credit access improves

byRiley Wolfbauer

September 15, 2023

Auto credit availability improved in August for the third straight month following tightening across all lender types during the spring...

Close up of a charger plugged into an electric vehicle

Bank of America sees EV penetration at 21% by 2025

byAmanda Harris

September 15, 2023

Bank of America forecasts that EV penetration of new-vehicle sales will reach about 11% this year and rise to as...

News from Equipment Finance News

Societe Generale vague on equipment finance future

byMichael Archuleta

2023-09-19

Multinational financial services company Societe Generale’s equipment finance business doesn’t yet have a “for sale” sign, but the future of…

Farm equipment inventory up 35% YoY

byMichael Archuleta

2023-09-18

Agricultural equipment inventory continues to build, further widening the gap between retail and auction values. Used compact and utility tractors’…

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