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Podcast: ‘Weekly Wrap’ on Vroom, Sonic Automotive closures 

Rising costs and limited supply have created challenges for used-car retailers, evidenced by Vroom’s planned shutdown

USAA ‘cherry-picking’ assets as auto finance competition heats up 

USAA is strategically financing certain vehicle types as banks and independent auto finance companies face a

Capital One originations tumble, delinquencies rise

Capital One Auto Finance’s origination volume declined in the fourth quarter following a ramp-up in auto

Tesla Finance lease penetration inches up in 2023 

Tesla Finance lease penetration inched up in 2023 despite falling by half in the fourth quarter.

Sonic’s EchoPark closures highlight used-retail market woes 

Sonic Automotive’s closure of its Northwest Motorsport dealerships on Jan. 23 not only further shrinks the

Kawasaki adds Octane as prime lender

Octane Lending is set to offer promotional financing for Kawasaki Motor Corp. recreational units in a

Hyundai Capital CEO Marcelo Brutti joins AFS East 2024 fireside chat 

Auto Finance News is pleased to announce that Hyundai Capital America President and Chief Executive Marcelo

Vroom: Compressed margins, tanking sales foreshadowed downfall

Compressed margins and plummeting sales volumes coupled with a capital-intensive business model, led to the downfall

Credit Union Auto Lending Surges

David Thompson

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