Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Larissa Padden

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US economic growth slows to 1.1% while inflation accelerates

US economic growth slowed in the first quarter by more than expected as tepid business investment

GTE FCU issues $200M ABS deal in second issuance

GTE Federal Credit Union came to market Monday with a $202.8 million transaction backed by prime

Fed: Vehicle sales were mixed in April amid high interest rates

Auto sales were mixed in April as improving vehicle supply propped up sales, but high interest

Group 1, Penske F&I revenue falters as floorplan expenses increase

Finance and insurance revenue at Group 1 and Penske Automotive dipped in the first quarter, snapping

GM Financial loan originations up 12% amid strong sales, penetration

Higher retail sales along with an increase in average loan amounts financed and a stronger share

Polaris originations increase 17% QoQ

Powersports manufacturer Polaris’ financing partners originated a higher volume on a dollar basis in the first

Spring Free EV to grow fleet with $31M series A round  

Fintech Spring Free EV secured $31 million in series A funding recently that will allow the

Dealership consolidation boosts acquisition financing

A shift toward dealership consolidation is likely to contribute to an uptick in acquisition financing and

Credit Union Auto Lending Surges

David Thompson

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