Cashing in on Cars – A Look at Popular Automotive Bets [SPONSORED]

Automotive sports betting is popular around the world. In the United States, it’s available for NASCAR and IndyCar, and in Europe, it’s available for Formula One. In automotive sports betting, you can do one of two things: you can either bet on the auto racing matchups, or you can bet on a driver to win. […]
  • Stellar SEO
  • April 19, 2018
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Chinese Firm Boosts Remarketing Capabilities Through M&A

Chinese e-commerce company SouChe acquired dealer-to-dealer auction platform Cheyipai last week, signaling intensified competition and a maturing market, analysts told Auto Finance News. “As new-car sales peak, aftermarket (including used car) will become an important battlefield for automotive related players,” said Kate Gao, senior consulting manager at Ipsos Business Consulting China. In the first 11 […]
  • Emma Sandler
  • April 18, 2018
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Roadrunner Financial Plans Elimination of Model-Year Restrictions for Cruisers

Roadrunner Financial is preparing to remove model-year age restrictions on cruisers for which the lender makes loans, Head of Sales Mark Davidson told Powersports Finance. “We’re a credit-first organization, so if we’re thinking of expanding the year count, it’s going to be on assets that deserve it,” he said. “Cruisers are a shoe-in, and we’re […]
  • Matthew Wood
  • April 18, 2018
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China Plans to Lift Ownership Restrictions for Carmakers

China announced the phaseout of a two-decades-old policy that requires foreign manufacturers share their factory ownership and profits with Chinese companies, the government announced Tuesday. However, financial arms still remain beholden to the joint venture rules. The National Development and Reform Commission announced that ownership caps will be dropped for companies making fully electric and […]
  • William Hoffman
  • April 17, 2018
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Senate Bill Targets CFPB Rule Curbing Racial Bias at Dealerships

Although the Consumer Financial Protection Bureau’s 2013 bulletin on dealer markup is deemed “offensive” by many in the industry, a Senate bill introduced last month to eliminate it is “not going to change much,” said John Redding, partner at Buckley Sandler LLP. Sen. Jerry Moran (R-KS) quietly introduced the bill, which seeks to eliminate CFPB […]
  • William Hoffman
  • April 17, 2018
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American LandMaster Focuses on Dealers Following Leadership Change

UTV manufacturer American LandMaster has been focusing more attention on building dealer partners following a change in leadership, Trent Marsh, marketing analyst for the company, told Powersports Finance. “We’ve just recently, over the last year, kind of refocused on the dealer base again,” Marsh said. “We’ve had a change in leadership, a change in focus, so previous regimes […]
  • Matthew Wood
  • April 17, 2018
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