Troubled Waters: Hurricanes Strain Vehicle Inventory, Boost Used Values
In the wake of the recent hurricanes — Harvey in Texas and Irma in Florida — the industry is beginning...
Dealer Direct Teams Up With American LandMaster
Dealer Direct added another manufacturer partner to its network last month, the off-road utility vehicle manufacturer American LandMaster, Powersports Finance has learned. The partnership...
Fair to Close Funding Round, Secures Offers for Nearly $1 Billion in Capital
Fair -- a used-car, no-commitment leasing app -- is closing a strategic funding round for an undisclosed amount and has...
Canadian Digital Platform Launches U.S. Version
USA Drives, the U.S. division of auto loan platform Canada Drives, is already seeing a quick consumer and dealer adoption...
Speed Leasing Lifts Starting-Mileage Restrictions
Speed Leasing Co. LLC lifted starting mileage restrictions on its leases last Friday, Director of Sales Frank Dionisi told Powersports Finance. “Customers...
U.S. Bank Originations Climb 4.7% Amid Continued Focus on Prime
U.S. Bancorp grew its auto originations 4.7% year over year to $18 billion, driven by "high-quality originations in the indirect...
HDFS Originations Decline 7.5% as Losses Continue to Stabilize
Harley-Davidson Financial Services originated $817.5 million in motorcycle loans -- down 7.5% year over year -- in the third quarter,...
Automotive Credit Corp. Acquires Lender, Expands Credit Facility
Subprime lender Automotive Credit Corp. (ACC) is focused on “organic growth” after completing its acquisition of Top Finance Company Inc....
