News Feed
Auto dealers embrace digital tools, lender hesitation remains
Auto lenders must continue to improve digital contracting and financing processes as more dealers digitalize online and in-store operations. ...
Regional bank auto earnings muted in Q1
Regional bank auto earnings posted little movement in the first quarter of 2024, extending similar trends seen from Bank of...
Fed: Auto sales follow sluggish trend
Automotive retail sales continued to slow in March due to high interest rates and vehicle prices paired with affordability concerns. ...
Ally Financial ups auto allowances as losses rise
Ally Financial increased its allowance for auto credit losses in the first quarter as delinquencies and net charge-offs rose on...
Big Wheels: Ally Financial stock price rises post Q1 earnings
Ally Financial's stock rallied after strong first-quarter earnings released today, closing the day at $38.71, a 6.7% gain after it...
Price competition between dealers ramps up
Pricing competition has ramped up among dealerships as inventory returns to more normal levels and lenders’ appetite for auto loans...
Five questions with … NextGear Capital’s VP of portfolio management
Nicole Graham-Ponce, vice president of portfolio management at NextGear Capital, has spent much of her life around cars and has...
RV retail registrations fall 9%, shipments jump
Retail RV sales slowed in February as shipments from OEMs ratcheted up, forcing some dealers to mark down prices on...
