RV values rise for seventh straight month as shipments increase
Recreational vehicle values rose for the seventh consecutive month in July amid strong consumer demand and low inventory. Motorhome average...
Tricolor Auto secures $90M in funding from BlackRock
Tricolor Auto Acceptance has secured a $90 million convertible preferred equity investment from funds managed by BlackRock, which the lender...
Lenders inject $9.6B into auto ABS market in August
Auto asset-backed securitization issuers injected $9.6 billion in 12 prime, nonprime, leasing and motorcycle deals in August as cost of...
CAC finalizes settlement with Mass. AG for $27.2M
Subprime lender Credit Acceptance Corp. has finalized its settlement with Massachusetts Attorney General’s Office for $27.2 million over allegations that...
CDIA: Federal consumer privacy statute unlikely
PLANO, TEXAS — An all-encompassing federal privacy legislation similar to the California Consumer Privacy Act (CCPA) is unlikely given the...
Industry Pulse: The 2H 2021 forecast with Cox Auto’s Jonathan Smoke
In the August episode of the Industry Pulse webinar, Cox Automotive Chief Economist Jonathan Smoke discusses credit availability, rising used-vehicle...
Fair terminates leasing, pivots to digital marketplace
SoftBank-backed Fair has terminated its leasing program and is pivoting its operational strategy to be more focused on its “core...
Open Lending revenue jumps as new lenders join platform
Automation fintech Open Lending logged a jump in revenue and certified loans as auto lenders increasingly signed on to its...
