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Mechanics Bank exits indirect auto lending 

Mechanics Bank this week is exiting the indirect auto lending business and ceasing originations. The bank

  • Amanda Harris
  • February 21, 2023

Listen: Weekly Wrap discussion on auto ABS market, credit availability

S&P Mobility last week acquired pricing and incentive intelligence provider Market Scan Information Systems, while the

  • Riley Wolfbauer
  • February 21, 2023

Sheffield Financial taps into growing on-road, golf cart demand

Demand for on-road motorbike and golf cart financing is growing, creating an opportunity for powersports lender

  • Johnnie Martinez II
  • February 21, 2023

Tesla undercuts average US car by almost $5,000 in EV shakeout

It’s never been this cheap to buy a Tesla. After a hopscotch of price cuts over

  • Bloomberg News
  • February 21, 2023

Carvana issues first prime ABS deal since August 2022

Carvana today priced its first auto asset-backed securitization transaction since August 2022 — a $363.2 million

  • Amanda Harris
  • February 17, 2023

New-vehicle affordability improves for first time in 6 months

New-vehicle affordability improved for the first time in six months in January as OEM incentives ticked

  • Riley Wolfbauer
  • February 17, 2023

Used vehicles, pricing key to future of powersports industry 

LAS VEGAS — Used vehicles pose a significant opportunity for powersports dealerships as macroeconomic pressures contribute

  • Johnnie Martinez II
  • February 17, 2023

AutoNation expects used-car price drop as volumes recover

AutoNation Inc., one of the biggest car dealership chains in the US, expects prices for new

  • Bloomberg News
  • February 17, 2023

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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