Asbury Automotive’s $1.2B deal for Koons highlights dealership M&A strength
The deal Asbury Automotive inked last week to acquire Jim Koons Automotive Companies for $1.2 billion, the largest auto retail ...
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When is repo valid? Regulators probe repossession practices
Repossession agents are facing headwinds as they try to meet growing lender demand, and the situation is now drawing the ...
Sopra Banking Software expands floorplan finance tech in US
Financial technology company Sopra Banking Software has expanded the capabilities of its floorplan financing software-as-a-service in the United States as ...
NMAC penetration rate climbs to 63%
Nissan Motor Acceptance Co.’s penetration rate improved in the company’s fiscal first quarter as Japanese automaker Nissan Motor’s U.S.-based sales ...
Incentives sparse over July 4 weekend
Manufacturer incentive spend has increased over the past year as inventory has become healthier, but consumers looking for a deal ...
Carvana to issue first subprime ABS deal since 2022
Carvana is gearing up to issue the lender’s first subprime asset-backed securitization deal since March 2022. The deal marks Carvana’s ...
Honda Finance injects $1B into ABS market
Loans in American Honda Finance Corp.'s latest securitization have the shortest original and remaining terms when compared with other issuers’ ...
Affordability concerns expected to push out terms
New-vehicle prices have never been higher, and that doesn’t bode well for lengthening loan terms. Average transaction prices for new ...
