Bloomberg News, Author at Auto Finance News

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

McLaren raises $150 million from shareholders with cash low

McLaren Group Ltd. has turned to its shareholders once again

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Volvo car sees 2022 sales flat-to-lower on supply disruption

Volvo Car AB said retail sales this year will be

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Aston Martin Plans £653 Million Raise With Saudi Investment

Just five months after declaring Aston Martin Lagonda Global Holdings

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Citi now sees a 100 basis-point Fed rate hike in July as likely

Citigroup Inc. economists now see a 100 basis-point rate increase

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

US inflation quickens to 9.1%, amping up Fed pressure to go big

US inflation accelerated in June by more than forecast, underscoring

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Rivian’s job cut is just the latest in gloomy-looking car sector

Auto companies old and new have held up remarkably well

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls

US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor...

Rivian Plans Hundreds of Job Cuts Following Surge in Staffing

Rivian Automotive Inc. is planning hundreds of layoffs to trim

Wholesale vehicle prices rose 1.3% YoY in July

While used-vehicle prices climbed year over year in July, seasonal depreciation contributed to lower values on a month-over-month basis. The...

Fed: Auto loan demand weakens, standards stable (Big Wheels)

While banks largely held underwriting standards steady for auto loans in the second quarter, consumer demand weakened. A "moderate net...

Two powersports lenders close funding deals in early August

Powersports lenders Horsepower Financial and Octane expanded their funding capacity this week. Tampa, Fla.-based powersports lender Horsepower on Aug. 6 said it closed a $50 million senior secured...

US employers unexpectedly shed jobs; Unemployment rate falls