Tag: Dealer News

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.  ...

Public dealership groups spent more than 10 times the amount on acquisitions of U.S.-based dealerships in the second quarter compared ...

Powersports OEM BRP will discontinue dealer surcharges as pandemic-related supply chain issues resolve and expenses decrease.  BRP informed dealers earlier ...

Vehicle affordability and credit access continued to improve in July as incentives offset elevated interest rates and lenders loosened credit ...

Subprime lender Arivo Acceptance is looking to technology to speed the funding process and appeal to its dealership partners.  Providing ...