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Car dealers reel from cyberattack on $1.2 trillion market
A dealership in Phoenix is handwriting paper contracts and gauging creditworthiness with guesswork. . A Jeep owner in Alabama keeps...
Dealers find financing workarounds amid CDK cyberattack
Some auto dealerships were affected more than others after a cyberattack struck dealer software provider CDK Global today, the second...
Chase Auto no longer financing Fisker vehicles, sales halted
Chase Auto is no longer financing Fisker vehicles and dealerships have been forced to pause Fisker sales. The EV manufacturer...
Powersports approval rates decline
Loan approval rates are down across the powersports sector despite higher origination volumes as affordability concerns and rising consumer debt...
2024 PowerSports Finance Summit agenda, call for speakers live
The 2024 PowerSports Finance Summit will be held Oct. 9-10 at the Wynn Las Vegas and serves as a forum...
CDK tells car dealers their systems likely offline several days
Auto retailers across the US are likely to be out of service for days following a second major cyberattack at...
Bank of America predicts national EV penetration at 25% by 2027
Bank of America estimates that EV sales penetration will slowly build over the next three years as affordability challenges, residual...
Big Wheels: $91.2B in auto ABS volume outpaces 2023
Auto asset-backed securitization volume is steadily climbing as weekly reports through the first half of 2024 continue to outpace year-to-date...
