Sales & Marketing
EV sales penetration projected at 8% in Q3
EV sales penetration is projected to reach 8% in the third quarter as new models come to market and incentives...
Captives lead overall financing market share, CUs command used
Captive financiers in the second quarter held the largest market share of total auto financing, which includes new and used...
California targets low-income borrowers with EV rebate change
California is changing its EV rebate program income guidelines to target lower-income consumers and increase adoption rates. The state...
Upgrade CEO Renaud Laplanche on entrance into indirect auto
Fintech Upgrade broke into indirect auto finance in the first week of September even as other lenders have pulled back...
UAW eyes strikes at big three with talks still ‘far apart’
The United Auto Workers and the Big Three Detroit carmakers are still “far apart” on a new labor contract, with...
Cerberus-owned used-car dealer files for Chapter 11 bankruptcy
Off Lease Only, a used-car dealer majority owned by Cerberus Capital Management LP, has filed bankruptcy and said it plans...
F&I profits, acquisition lending dip amid cash purchases
Elevated interest rates are prompting consumers to purchase vehicles in cash, contributing to a dip in finance and insurance profit...
Auto sales cool in August, marking potential tailwind
Auto sales slowed in August but remained healthy, marking a potential tailwind for the automotive industry as OEMs work to...
