Westlake offers fleet financing to DriveItAway dealers
Westlake Financial Services is offering fleet financing for dealers that have signed on to mobility platform DriveItAway’s subscription-to-own model. ...
Podcast: ‘Weekly Wrap’ on earnings, sales
First-quarter earnings continued to bring mixed results as vehicle sales slowed in April. Capital One’s auto outstandings decreased 3.7% year ...
Capital One originations increase more than 20%
Capital One Auto Finance’s originations grew in the first quarter following several quarters of year-over-year declines. Originations totaled $7.5 billion, ...
Exponential Used Vehicle Index declines 11%
Used-vehicle values continue to trend downward from 2022’s peak levels but are outpacing pre-pandemic levels. Used-car values remained unchanged from ...
April new-vehicle sales expected to tick down 2%
U.S. new-vehicle sales are projected to decline in April while the seasonally adjusted annual rate is expected to finish above ...
Sonic Auto F&I revenue inches up
Finance and insurance revenue ticked up slightly in the first quarter for Sonic Automotive while floor plan interest expenses jumped ...
Ford Credit penetration rate hits 60% in Q1
Ford Credit’s finance penetration rate soared in the first quarter as finance margin improved and credit performance continued to normalize. ...
US economy slows and inflation jumps, damping soft-landing hopes
US economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run ...
