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Powersports Finance News

BRP powersports sales flat YoY as demand wanes

December 1, 2023

Earnings

Net charge-offs pick up at banks, captives in Q3

November 14, 2023

Earnings

CPS originations drop 31%

November 13, 2023

Earnings

Upstart auto originations fall 49%

November 9, 2023

Earnings

Artificial Intelligence Automation Technology Background. Augmented Reality Design

Open Lending leverages new data sources

byAmanda Harris

November 9, 2023

Automation fintech Open Lending is leveraging additional data sources to improve its scorecard as certified loan volume declined in the...

Lucid Motors lowers production guidance

byRiley Wolfbauer

November 9, 2023

EV manufacturer Lucid Motors lowered its production guidance for the year as output during the third quarter fell on a...

Tom Shortt on stage at Auto Finance Summit 2023

UACC originates 40% of Vroom loans

byAmanda Harris

November 8, 2023

United Auto Credit’s penetration rate improved in the third quarter as parent company Vroom’s finance and insurance revenue jumped as...

Rivian R1T electric pickup trucks parked at a Rivian service center in the Brooklyn

Rivian Automotive to launch truck leasing in Q4 

byRiley Wolfbauer

November 8, 2023

Electric vehicle manufacturer Rivian Automotive plans to launch leasing on select Rivian truck models in the fourth quarter.  Rivian is...

RumbleOn eyes portfolio sale in Q4

byJoey Pizzolato

November 8, 2023

RumbleOn plans to sell its consumer finance portfolio in the fourth quarter as the powersports retailer winds down its financing...

CACC originations rise 10.5%, outstandings reach record

byRiley Wolfbauer

November 6, 2023

Credit Acceptance Corp.’s origination volume rose on a year-over-year basis in the third quarter, marking the sixth consecutive quarter of...

A branded vehicle at a Carvana vending machine in Daly City, California, US, on on Thursday, July 6, 2023. Carvana Co. will restructure its debt and sell shares as the used-car retailer tries to regain its footing following a pandemic boom and bust.

Carvana offloads loans from portfolio in Q3

byJoey Pizzolato

November 3, 2023

Used-car retailer Carvana unloaded loans it had been holding on its balance sheet in the third quarter, which pushed up...

An AutoNation dealership in Las Vegas, Nevada, US

AutoNation Finance boosts penetration rate to 25%

byRiley Wolfbauer

October 27, 2023

AutoNation Finance’s loan penetration increased at AutoNation stores in the third quarter as the lender began originating loans in its...

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BRP powersports sales flat YoY as demand wanes

Net charge-offs pick up at banks, captives in Q3

CPS originations drop 31%

Upstart auto originations fall 49%

Earnings

Open Lending leverages new data sources

Lucid Motors lowers production guidance

UACC originates 40% of Vroom loans

Rivian Automotive to launch truck leasing in Q4

RumbleOn eyes portfolio sale in Q4

CACC originations rise 10.5%, outstandings reach record

Carvana offloads loans from portfolio in Q3

AutoNation Finance boosts penetration rate to 25%

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