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Rental companies offload high-mileage units amid tight OEM supply

Rental fleet companies are offloading older, higher-mileage vehicles as they work to meet demand and as

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Nominations for the 2023 Auto Finance Excellence Awards now open

Nominations are now open for the 2023 Auto Finance Excellence Awards, which celebrate achievement in the

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Podcast: ‘Weekly Wrap’ discussion on captive earnings

Captives’ second quarter earnings were mixed as rising interest rates push down origination volume and lenders

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Tesla EVs on track to depreciate 20%, outpacing ICE vehicles

Electric vehicles are depreciating at a faster rate than the overall used-vehicle market on the heels

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Aston Martin to raise £210 million from its backers to cut debt

Aston Martin Lagonda Global Holdings Plc plans to raise £210 million ($270 million) by selling new

  • Bloomberg News
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Ford Credit profitability declines amid high funding costs

Ford Credit’s consumer portfolio grew in the second quarter while credit performance remained steady and lower

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Penske Auto floorplan interest expense jumps 242% YoY

Penske Automotive logged an increase in floorplan interest expense in line with other publicly traded automotive

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Utilizing generative AI to increase collections

CHICAGO — Collections agencies are using generative AI to improve internal operations and increase conversion rates,

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  • July 28, 2023

Credit Union Auto Lending Surges

David Thompson

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