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CAF looks to increase penetration in nonprime 

CarMax Auto Finance plans to increase its penetration rate in lower credit tiers after affordability challenges

  • Amanda Harris
  • June 21, 2024

CarMax Auto Finance issues first nonprime securities deal 

CarMax Auto Finance issued its first nonprime auto asset-backed securitization transaction June 18 on the heels

  • James Van Bramer
  • June 21, 2024

Westlake offering free trial of DealerCenter amid cyberattacks 

Westlake Financial Services is offering dealers a free trial to use dealer management system DealerCenter to

  • Amanda Harris
  • June 21, 2024

Winnebago promotional liabilities down 26.4% 

RV and marine manufacturer Winnebago Industries decreased its promotional liabilities in the third quarter as the

  • Ash Savage
  • June 21, 2024

Car dealers reel from cyberattack on $1.2 trillion market

A dealership in Phoenix is handwriting paper contracts and gauging creditworthiness with guesswork. . A Jeep

  • Bloomberg News
  • June 21, 2024

Dealers find financing workarounds amid CDK cyberattack 

Some auto dealerships were affected more than others after a cyberattack struck dealer software provider CDK

  • James Van Bramer
  • June 20, 2024

Chase Auto no longer financing Fisker vehicles, sales halted 

Chase Auto is no longer financing Fisker vehicles and dealerships have been forced to pause Fisker

  • Amanda Harris
  • June 20, 2024

Powersports approval rates decline

Loan approval rates are down across the powersports sector despite higher origination volumes as affordability concerns

  • Ash Savage
  • June 20, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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