Group 1, Asbury F&I revenue hit hard by COVID-19
Vehicle sales and financing revenue were hit hard from April to June as production ground to a halt amid the ...
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Auto lenders put historic squeeze on underwriting standards, Fed says
Auto lending hasn’t been this pressed in 15 years. According to the Federal Reserve, auto lending underwriting standards have not ...
Carvana tops in auto finance ad spending in coronavirus-dominated 2Q
The coronavirus pandemic has stimulated an avid interest in shopping alternatives, spurring automotive consumers toward an online experience. Despite the ...
Interest rates remain low as vehicle sales recover
The average annual percentage rate (APR) for new vehicles continues to decline and vehicle sales are expected to improve in July despite pandemic-spurred setbacks that started in mid-March, according to TrueCar ...
Weekly Wrap: Auto boosts bank’s Q2 performance [Video]
This week, the Auto Finance News team took a deep dive into how the pandemic is affecting subprime lenders. Auto, however, may shine bright ...
AutoNation F&I revenue falls in Q2, expansion planned
AutoNation’s second quarter was marked by a decline in both finance and insurance revenue and vehicle sales. Still, the automotive ...
Capital One Auto boosts bank’s Q2 performance
Capital One’s auto division propped up the bank’s overall second-quarter performance, Chief Executive Richard Fairbank said on the company’s earnings call yesterday. “While the ...
Q2 powersports sales strong despite low inventory
The coronavirus pandemic spurred powersports sales in the second quarter, but inventory woes continue to plague the industry. Many powersport vehicle dealers saw ...
