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Big Wheels: EV financing volume outlook flat in next 6 months
Most auto financiers are less optimistic about EV financing volumes in the next six months than their combustion counterparts. Nearly...
Trade organizations tackle add-on product compliance
Refunds of add-on products following cancellations and voluntary product compliance are some of the biggest pain points facing auto lenders,...
CFPB auto lending complaints jump 46% in 2023
Consumer complaints submitted to the Consumer Financial Protection Bureau related to vehicle loans and leases increased 46.3% year over year...
Hertz to sell 20,000 EVs in shift back to gas-powered Cars
Hertz Global Holdings Inc. plans to sell a third of its US electric vehicle fleet and reinvest in gas-powered cars...
US inflation accelerates, tempering case for Fed to cut rates
US inflation accelerated in December as Americans paid more for housing and driving, challenging investor bets that the Federal Reserve...
Big Wheels: Lessors expect stronger lease demand in H1 2024
Auto lessors are expecting an increase in consumer demand in the next six months as new-vehicle inventory continues to build...
Set pricing, agency model gain steam outside U.S.
Agency sales models, in which auto manufacturers sell vehicles directly to consumers and use dealerships to deliver the cars, are...
Lower prices, increased incentives lead to buyer’s market in 2024
The new year is shaping into a car buyer’s market as prices come down, incentives increase and supply builds. ...
