Asbury Automotive considers captive finance business launch
Georgia-based retailer Asbury Automotive is looking to build a captive finance business to expand further into subprime. The captive would...
General Motors requires employees to report COVID-19 vaccination status
General Motors’ U.S. salaried employees must report whether they have received the COVID-19 vaccine, a move the company said is...
ThunderRoad Financial CEO on dealer relations, inventory and work from home
Donal Hummer Jr. Following a year of renewed demand for powersports products, ThunderRoad Financial plans to expand into much of...
Incentives decline 42% as average new-vehicle price surpasses $38K
Even as new-vehicle prices continue to soar, incentives as a percentage of the average transaction price (ATP) fell to 6.3%...
Synchrony Financial launches flexible work environment
Claudine Hoverson Players in the finance industry are starting to again open office doors in a step toward normalcy following...
Vroom eyes expansion into proprietary lending
On the heels of a strong second quarter marked by triple-digit product revenue growth, Vroom may soon expand into proprietary...
Ford Credit, GM Financial eye residual value risk amid shift to EVs
Despite a likely influx of electric vehicles to the market within the next decade, OEMs do not believe the change...
Weekly Wrap: Powersports dealers adapt to low inventory
The powersports finance industry is facing many of the same challenges as auto, including a lack of new supply due...
