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Big Wheels: EV values down 15% YoY 

EV values fell nearly 15% year over year in July, continuing a downward trend over the

AutoNation warns CDK hack put a big dent in quarterly profit

AutoNation Inc., one of the biggest chains of US car dealerships, warned the cyberattack that crippled

Wells Fargo Auto originations fall 23% 

Wells Fargo Auto’s origination volume dipped during the second quarter as the bank’s auto portfolio shrunk.

Chase Auto originations decline 10% 

Chase Auto’s origination volume fell year over year in the second quarter as the bank prioritized

Powersports sales down 3% YoY in June, survey shows 

Powersports manufacturers are working to align inventory with consumer demand to support dealers as the retail

Sonic Auto, retailers indicate cyberattack effects could linger 

Although it’s been a week since software provider CDK Global’s systems were restored following a cyberattack,

Higher losses prompt rating downgrades on subprime securitizations 

S&P Global has again lowered its ratings on a 2022 Flagship Credit Acceptance auto securities transaction

EV sales up 11%

Elevated discounts and higher levels of leasing pushed EV sales to a record in the second

Credit Union Auto Lending Surges

David Thompson

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