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West Marine bankruptcy shifts to recapitalization after auction fizzles

West Marine’s Chapter 11 restructuring has shifted from an auction process to a recapitalization transaction as

  • Johnnie Martinez II
  • July 9, 2026

Light-duty, used-vehicle values rise 4.8% in June (Big Wheels)

Values remained elevated on used cars and used electric vehicles in June, with battery EV supply

  • Amanda Harris
  • July 9, 2026

Savings-builder account could ease negative equity burden (Under the Hood)

Lower down payments have prompted some lenders to finance vehicles at 100% loan-to-value ratios. But one

  • Marcie Belles
  • July 9, 2026

VW proposes to cut back on model lineup to streamline offering

Volkswagen AG’s management said it plans to cut the carmaker’s sprawling model lineup by as much

  • Bloomberg News
  • July 9, 2026

Porsche Financial Services names new CFO as Riedl prepares to retire 

Porsche Financial Services Chief Financial Officer Konrad Riedl is retiring after 36 years with the automaker,

  • Amanda Harris
  • July 8, 2026

Wholesale vehicle values rise 2.1% YoY in June, largely from EVs

Wholesale vehicle values rose year over year in June, driven by sustained demand for used EVs

  • Aidan Bush
  • July 8, 2026

Upstart issues third ABS deal of 2026 as originations rise

AI-based fintech Upstart issued its third asset-backed securitization deal of the year as originations rose in

  • C.J. Moore
  • July 8, 2026

Honda powersports restructuring aims to improve dealer support, product speed

Since American Honda Motor restructured its powersports and products business in the spring, the company says

  • Johnnie Martinez II
  • July 8, 2026

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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