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Technology

Larissa Padden

Auto Finance Technology sponsored by InformedIQ

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Model year 2024 average price at $53K (Big Wheels) 

The average price of a new model year 2024 vehicle available for sale sits at $53,399

Asset-backed debt sales top $313 Billion, beating post-financial crisis record

Sales of debt backed by everything from auto loans to airplane leases to Subway franchise fees

VW’s profit plunge sets stage for skirmish over plant closings

Volkswagen AG cast its least-profitable quarter in years as cause for the first factory closures in

Ford Credit lease outstandings up 4% YoY 

Ford Credit’s United States penetration rate picked up in the third quarter, partly driven by growth

Camping World F&I revenue up 1.6% year over year 

RV dealer group Camping World’s finance and insurance revenue fell sequentially but rose year over year

ThunderRoad Financial taps into ‘eventual recoveries’ 

Powersports lender ThunderRoad Financial has garnered strong recoveries on difficult-to-find motorcycles, prompting the lender to pursue

Bank of America’s Fabien Thierry on growth, EVs, tech innovation 

Bank of America is leaning on its diversified auto finance strategy and technological investments to drive

Podcast: Q3 captive originations are mixed 

Third-quarter earnings were mixed again, with some captives reporting growth in originations while others logged declines.

Credit Union Auto Lending Surges

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