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Powersports Finance News

Ash Savage

Auto Finance Technology sponsored by InformedIQ

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US inflation accelerates as gas, rent and food prices climb

US inflation continued to accelerate in April amid an ongoing climb in gasoline prices driven by

More than 5,800 vehicles sold net Tricolor estate, creditors $39.5M

NASHVILLE, Tenn. — Auction sales of nearly 6,000 of Tricolor’s remaining vehicles have netted almost $40

Funding diversification, transparency, private credit discussions on tap at inaugural Auto Finance Capital Summit 

NASHVILLE, Tenn. — Auto lenders are diversifying their funding sources to include private credit, significant risk

GM to cut hundreds of white collar workers in IT overhaul

General Motors Co. plans to cut hundreds of salaried workers from its information technology ranks in

Mazda sales drop 17.3% YoY in April

Major automakers’ car sales fell year over year in April as higher prices and inflationary pressures

Space Coast Credit Union eyes second auto ABS deal as originations rise 

Space Coast Credit Union is planning to issue a second auto asset-backed securitization deal after growing

Westlake issues $1.5B subprime ABS deal (Big Wheels)

Subprime auto lender Westlake Financial came to market May 6 amid an industrywide year-to-date increase in

Pagaya auto run rate up 109% YoY 

Pagaya Technologies’ auto volume climbed to a record high in the first quarter as it further

Credit Union Auto Lending Surges

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