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RideNow secures $35M in floorplan loan

RideNow Group Inc. secured an additional $35 million in floorplan financing capacity, expanding the company’s liquidity

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US House unveiled plan to charge $130 fee for electric vehicles

House lawmakers made public a massive transportation bill Sunday that would impose new fees on electric

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Lenders offer CPO incentives, consider CPO leasing

Lenders and retailers are encouraging certified pre-owned lending and expressing interest in leasing certified pre-owned vehicles

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Pagaya increases public ABS issuance as private credit faces scrutiny 

Pagaya Technologies is leaning more on public securitization issuance because of volatility in private credit markets.

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FDIC approves creation of Stellantis Bank USA

Stellantis Financial Services received approval to form an industrial bank, allowing it to tap FDIC insurance

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RideNow’s F&I revenue up 3.3% in Q1

Powersports retailer RideNow Group’s finance and insurance revenue rose in the first quarter as same-store revenue,

  • Johnnie Martinez II
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High gas prices could last through July, stressing subprime consumers

A snowball effect started by rising gas prices could make it more difficult for subprime borrowers

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Affordability challenges drive losses higher on securitized nonprime loans 

The auto asset-backed securitization market is showing signs of resilience, but investors and issuers continue to

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Credit Union Auto Lending Surges

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