Tag: Dealer News

Westlake Financial increased its number of funded auto loans by more than 50% year over year in July in some of ...

Auto manufacturers expect tighter supply and elevated new-vehicle margins to remain following pandemic-driven changes during the past three years, but ...

The deal Asbury Automotive inked last week to acquire Jim Koons Automotive Companies for $1.2 billion, the largest auto retail ...

The floorplan financing landscape is changing as inventory improves and dealerships consolidate in the face of elevated interest rates and ...

Off Lease Only, a used-car dealer majority owned by Cerberus Capital Management LP, has filed bankruptcy and said it plans ...

Floorplan financing is growing for some lenders even as others step back amid elevated interest rates on the heels of ...

Elevated interest rates are prompting consumers to purchase vehicles in cash, contributing to a dip in finance and insurance profit ...

Rising floorplan interest rates and increased expenses are chipping away at dealer floorplan profit generated by pandemic-induced assistance from lenders.  ...