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Risk Management

Auto Finance Summit East tackles tariffs, affordability, AI and more

Risk Management

Off the Lot: Auto repairs may be next hurdle for customers, dealers

Risk Management

Toyota faces biggest hit from Trump tariffs among automakers

Capital & Funding

Lendbuzz streamlines approvals with AI

News Feed

ATVs at the top of a hill

Snowmobile wholesale prices increase 19%

Average wholesale prices on powersports products at auction fell in June after values stayed relatively flat from April through early...

Used vehicles for sale at a dealership in Colma, California, US, on Friday, June 21, 2024. CDK Global, a software provider to some 15,000 car dealers, was waylaid by debilitating cyberattacks this week that have had a crippling effect on the auto sales industry. Photographer: David Paul Morris/Bloomberg

BlackSuit cybercrime gang blamed in CDK hack that roiled car dealers

byBloomberg News

A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according...

Why DataCision Might Be the Perfect Fit For Your Business

You’ve been hearing a lot about DataCision, the purpose-built credit underwriting solution made specifically for dealer commercial lending. . However,...

An AutoNation dealership in Las Vegas, Nevada, US, on Tuesday, July 18, 2023. AutoNation Inc. is scheduled to release earnings figures on July 21.

Car sellers warn investors of possible financial hit from cyberattack

byBloomberg News

Some of the largest auto dealers in North America are warning of a potential “material” impact to their finances from...

A CarMax dealership in Houston, Texas, US.

CAF looks to increase penetration in nonprime

byAmanda Harris

CarMax Auto Finance plans to increase its penetration rate in lower credit tiers after affordability challenges continued to hamper sales...

a customer walks through a Carmax dealership

CarMax Auto Finance issues first nonprime securities deal

byJames Van Bramer

CarMax Auto Finance issued its first nonprime auto asset-backed securitization transaction June 18 on the heels of subprime issuances making...

Cars in a dealership

Westlake offering free trial of DealerCenter amid cyberattacks

byAmanda Harris

Westlake Financial Services is offering dealers a free trial to use dealer management system DealerCenter to continue operations after consecutive...

Winnebago Revel - Mountains

Winnebago promotional liabilities down 26.4%

RV and marine manufacturer Winnebago Industries decreased its promotional liabilities in the third quarter as the company continues to navigate...

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