Bloomberg News, Author at Auto Finance News

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

MarineMax F&I revenue up 8.2% amid declining boat margins

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

Ford accelerates electric-vehicle manufacturing in US, Mexico

Ford Motor Co. is accelerating its shift to electric-vehicle manufacturing,

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

China car sales go from strength to strength as virus eases

Car sales continued to recover in China last month as

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

BMW spoils auto earnings optimism with warning of virus risk

BMW AG ended an upbeat quarter for European automakers by

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

Nasdaq futures surge with Trump odds rising in election outcome

U.S. equity tech futures surged more than 3.5% as election

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

EV makers’ course hinges on US election and fuel-economy rules

Both of the major-party presidential candidates have said they support

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

US jobless claims declined more than forecast last week

Applications for U.S. state unemployment benefits fell more than forecast

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

Aston Martin soars after securing Mercedes’ help out of crisis

Months after catching a lifeline from its billionaire owner, Aston

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)