Premium Archives

Close up of the front end of cars on a dealership lot

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

Shift reduces floorplan with Ally Financial by 60%

byJoey Pizzolato

August 15, 2023

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Shift Technologies more than halved its floorplan line of credit with Ally Financial amid free-falling sales and organizational restructuring. Shift ...

Close up of a charger plugged into an electric vehicle

EV incentives reach 6.7% of ATP in July

byAmanda Harris

August 15, 2023

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Electric vehicle incentives climbed in July in tandem with a dip in average transaction prices and as EV supply outpaces ...

Automobiles in the quality control inspection area at the Toyota Motor Manufacturing plant

Toyota Financial Services’ subvented contracts up 29%

byAmanda Harris

August 14, 2023

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Toyota Financial Services’ subvention activity increased in the first quarter of fiscal year 2024 as North American production and sales ...

Taiga Makes Historic First Deliveries in California and Expands Presence in Top 3 U.S Boating and EV Markets

EV powersports OEM Taiga gains traction

byJohnnie Martinez II

August 21, 2023

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Electric personal watercraft and snowmobile manufacturer Taiga Motors’ deliveries jumped in the second quarter of 2023 as the company expanded ...

Motorcycle driver riding on motorway in beautiful sunset light. shot from pillion driver view

Powersports outlook up despite macroeconomic pressures

byJohnnie Martinez II

August 14, 2023

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Powersports industry leaders are confident in the market’s future in the second half of the year despite interest rates driving ...

Customers view a vehicle for sale at a Ford Motor Co. dealership in Richmond, California, U.S., on Thursday, July 1, 2021. The global semiconductor shortage that hobbled auto production worldwide this year is leaving showrooms with few models to showcase just as U.S. consumers breaking free of pandemic restrictions are eager for new wheels.

CFPB sues U.S. Auto Sales’ finance arm USASF for repo practices

byAmanda Harris

August 11, 2023

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The Consumer Financial Protection Bureau has brought claims against auto loan servicer USASF Servicing alleging that the company illegally disabled ...