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Lender pullback slows add-on sales at subprime dealers
Dealerships that target deep subprime consumers are seeing stagnation in add-on product sales as lenders tighten credit standards. A...
BRP powersports sales flat YoY as demand wanes
Canadian powersports manufacturer Bombardier Recreational Products’ North American retail sales were stagnant alongside declining consumer demand amid macroeconomic conditions. BRP’s...
AFN launches State Compliance Directory
Auto Finance News has launched a strategic partnership with regulatory compliance information provider Winnow Solutions to deliver a comprehensive look...
Westlake eyes growth, ups capital market activity
Westlake Financial is looking to shore up its liquidity to prepare for additional growth in 2024 as others in the...
Captive market share hits highest level since Q1 2018
Captives are regaining total auto financing market share, hitting their highest level since 2018, on the heels of increasing incentives...
Tesla launches electric pickup
Deliveries of Tesla’s Cybertruck, the manufacturer’s first electric pickup, began today after the concept was announced in 2019. Three versions...
US economy slowed in recent weeks with inflation, labor cooling
US consumer spending, inflation and the labor market all cooled in recent weeks, adding to evidence that the economy is...
New subprime issuers contribute to higher ABS delinquencies
An uptick in auto asset-backed securities issuance by small, newer subprime issuers in recent years contributed to an increase in...
