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BRP suspends fiscal 2027 guidance amid updated Section 232 tariffs

Powersports manufacturer BRP is withdrawing its fiscal 2027 guidance due to uncertainty over cost uncertainty created

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CarMax Auto Finance originations down 1.5% 

CarMax Auto Finance’s originations declined in the fourth quarter of fiscal 2026 as the retailer is

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Wells Fargo Auto originations soar 111% YoY 

Wells Fargo Auto’s originations jumped 110.9% year over year in the first quarter as the bank

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Chase Auto originations down 3% YoY

Chase Auto’s originations fell in the first quarter while credit performance in the bank’s auto portfolio

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Share of subprime auto borrowers up to 19.5% in March, highest since March 2020

The share of subprime borrowers taking out auto loans in March rose to the highest level

  • Aidan Bush
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Recent Carvana downgrades first for prime auto ABS deals in 16 years

S&P Global recently downgraded six classes of notes across most of Carvana’s prime asset-backed securitization deals

  • Truth Headlam
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Lucid names CEO as Saudi PIF, Uber commit another $750M

Lucid Group Inc. named a new chief executive officer and announced $750 million of fresh investment

  • Bloomberg News
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Dealers fight growing transport fraud, when scammers impersonate shipping companies

Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to

  • Aidan Bush
  • April 13, 2026

Credit Union Auto Lending Surges

David Thompson

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