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More EVs will qualify for tax credits after US reverses course

The Biden administration will allow more cross-over SUVs to qualify for the newly-revamped electric vehicle tax

SCUSA names new president of Chrysler Capital, and other staff moves

Santander Consumer USA has appointed Betty Jotanovic president of Chrysler Capital and auto relationships. She will

First Business extends $5.5M floorplan credit line to South Carolina dealer

First Business Specialty Finance, a subsidiary of First Business Bank, is funding a $5.5 million floorplan

Massachusetts exempts auto loans from negative equity license requirement 

Auto lenders who finance negative equity have been given a reprieve from small loan licensing requirements

Under the Hood: Industry struggles drain $31B in market cap

Auto finance company stocks took a beating in 2020, but they were pummeled even further in

Increased credit loss provisions, borrowing costs dampen HDFS income

Harley-Davidson Financial Services’ provision for credit losses ticked up and borrowing costs rose, resulting in declining

Ferrari raises earnings outlook on robust luxury-car demand

Ferrari NV raised its outlook on strong demand for high-margin models like its new €390,000 ($428,000)

SCUSA, AutoFi prep national rollout of direct-to-consumer marketplace

Santander Consumer USA has expanded its partnership with digital commerce fintech AutoFi and is preparing for

Credit Union Auto Lending Surges

David Thompson

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