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 not...

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...

Tesla surges after vehicle-delivery record stuns Wall Street

Tesla Inc. is off to a strong start to 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 not...

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...

Rivian tumbles to lowest since IPO after production warning

Rivian Automotive Inc.’s shares fell to the lowest level since

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 not...

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...

Fed doubles taper, signals three 2022 hikes in inflation pivot

Federal Reserve officials intensified their battle against the hottest inflation

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 not...

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...

Toyota to plow $35B into accelerating electric car shift

Toyota Motor Corp. wants the world to know it’s serious

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 not...

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 surges on SPAC deal to list electric-motorcycle unit

Harley-Davidson Inc. jumped the most in 13 months after 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 not...

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 consumer prices climb at fastest annual rate since 1982

U.S. consumer prices rose last month at the fastest annual

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 not...

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...

VW CEO goes from thrilling investors to making enemies at home

In March, Herbert Diess enthralled investors with his vision for

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 not...

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