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...

Harley makes acting CEO permanent after well-received debut

Harley-Davidson Inc.’s acting chief executive officer will take over the

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...

Another 3.17 million filed for US jobless benefits last week

The number of Americans filing for unemployment benefits topped 3

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...

Hertz and Avis cancel orders in setback for ailing carmakers

Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow

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...

Hertz gets forbearance from lenders in bid to avert bankruptcy

Hertz Global Holdings Inc. reached an eleventh-hour pact with lenders

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...

Carmakers dodge disaster with biggest-ever share of 0% loans

Zero-percent financing deals hit a record last month as carmakers

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...

‘Fire sale’ of Hertz rentals poses risk to broader auto sector

The already-reeling used-vehicle market is hanging in the balance 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...

Another 3.8 million Americans file for jobless benefits

Millions more Americans filed for unemployment benefits last week, sending

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)