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Earnings

Joey Pizzolato

A General Motors GMC Buick dealership in Richmond, California, U.S., on Wednesday, Jan. 26, 2022. U.S. auto sales will climb just 3.4% this year to 15.4 million cars and trucks as the semiconductor shortages continue to constrain vehicle inventory, auto dealers predict. Photographer: David Paul Morris/Bloomberg

Earnings

Credit Acceptance consumer loan volume jumps 8% YoY

byJoey Pizzolato

August 2, 2023

Credit Acceptance Corp. logged an increase in originations in the...

Powersports Finance News

Camping World F&I drops 15% YoY

byJohnnie Martinez II

August 2, 2023

Camping World’s second-quarter finance and insurance revenue continued to decline...

Vehicles for sale at a Ford dealership in Richmond, California, US, on Tuesday, Feb. 21, 2023. The average price for a new vehicle in the US has jumped to almost $50,000, up 30% since 2019, according to JPMorgan.

Earnings

Ford Credit profitability declines amid high funding costs

byAmanda Harris

August 3, 2023

Ford Credit’s consumer portfolio grew in the second quarter while...

A car dealer walks past cars for sale at a used car dealership in Jersey City, New Jersey, U.S, on Wednesday, May 20, 2020. Governor Phil Murphy has lifted restrictions on in-person auto sales, provided the businesses follow social distancing guidelines, NBC reported.

Earnings

Penske Auto floorplan interest expense jumps 242% YoY

byJoey Pizzolato

July 28, 2023

Penske Automotive logged an increase in floorplan interest expense in...

Earnings

Driveway Finance originations dip amid profitability focus

byAmanda Harris

July 27, 2023

Driveway Finance Corp.’s originations declined sequentially in the second quarter...

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Honda, Sony halt AFEELA EV production

Honda Motor and Sony Group will review the business direction of their electric-vehicle joint venture, Sony

Barclays pulls back on asset-based loans after MFS, Tricolor

Barclays Plc is scaling back its asset-based lending to smaller borrowers, according to people with knowledge

Cyberattacks on connected fleets create new risks for lenders, insurers

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Iran war gas price hikes could boost refi, especially in subprime

Gas price hikes and potential inflationary pressures due to the Iran war may shock subprime consumers

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Auto dealers are diversifying funding channels and preparing for increased market volatility as the Iran war

Capital One: 3 ways to lean into AI responsibly

Ensuring technology aligns with regulatory guardrails, addressing potential pitfalls in AI-driven information sharing and aligning innovation

Credit Union Auto Lending Surges

David Thompson

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Federal Reserve announces emergency meeting on auto lending regulations • Click for details

MARKET SNAPSHOT

Earnings

Credit Acceptance consumer loan volume jumps 8% YoY

Camping World F&I drops 15% YoY

Ford Credit profitability declines amid high funding costs

Penske Auto floorplan interest expense jumps 242% YoY

Driveway Finance originations dip amid profitability focus

News Feed

After FTC letter, dealers must review pricing practices

First-time auto ABS issuers weigh down overall performance

Honda, Sony halt AFEELA EV production

Barclays pulls back on asset-based loans after MFS, Tricolor

Cyberattacks on connected fleets create new risks for lenders, insurers

Iran war gas price hikes could boost refi, especially in subprime

Wells Fargo: Market volatility spurs dealership M&A, funding diversification

Capital One: 3 ways to lean into AI responsibly

Credit Union Auto Lending Surges

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