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Powersports Finance News

Ash Savage

Auto Finance Technology sponsored by InformedIQ

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Driveway Finance originations jump 34.8% YoY

Driveway Finance, Lithia Motors’ captive finance arm, reported its eighth consecutive quarter of year-over-year originations growth

Potential disclosure regulation reform could heighten enforcement risk for ABS issuers 

SEC Chairman Paul Atkins is exploring ways to streamline requirements for public company disclosures that contain

Western Funding opens lending to all credit tiers 

Western Funding is expanding into full-spectrum lending and loan purchases as it aims to grow its

Octane strikes updated financing deals with Indian Motorcycle, Suzuki

Octane is expanding its market share through updated arrangements with powersports manufacturers Indian Motorcycle and Suzuki.

Divided Fed officials hold rates; Powell to stay as governor

Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for

GM Financial originations fall 15.8% 

GM Financial’s originations declined in the first quarter as finance penetration dipped, while earnings before taxes

Asbury Automotive Group’s F&I revenue dips 4.3% in Q1

Poor weather conditions and tech integration contributed to year-over-year declines in finance and insurance revenue and

Auto ABS volume up 5.1% YTD through April 24 (Big Wheels) 

Auto asset-backed securitization volume ticked up year-to-date as investors’ appetite remained steady. Auto asset-backed securitization (ABS)

Credit Union Auto Lending Surges

David Thompson

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