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A salesperson walks on the lot of a Ford Motor Co. dealership in Colma, California, U.S., on Wednesday, June 30, 2021. With dwindling inventory over the last three months, U.S. auto sales has taken a sharp turn for the worse. Photographer: David Paul Morris/Bloomberg

New-vehicle sales are forecast to improve on a month-over-month basis in April as more favorable seasonal factors and increased fleet ...

HDFS raises provisions 82% YoY as credit performance deteriorates

byRiley Wolfbauer

June 5, 2023

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Harley-Davidson Financial Services increased its provision for credit losses in the first quarter as realized retail credit losses grew. Provision ...

Carvana cost of funds rises as expected losses increase

byAmanda Harris and Joey Pizzolato

May 30, 2023

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Cost of funds for Carvana’s first nonprime asset-backed securities deal since March 2022 increased as expected cumulative loss levels rose ...

US economic growth slows to 1.1% while inflation accelerates

byBloomberg News

April 27, 2023

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US economic growth slowed in the first quarter by more than expected as tepid business investment and a pullback in ...

Used vehicles for sale at a dealership in Colma, California, US, on Tuesday, Feb. 21, 2023. A surprise jump in used-vehicle prices last month is adding to US car buyers' frustration and has the potential to dent hopes inflation is headed lower even as the Federal Reserve hikes interest rates. Photographer: David Paul Morris/Bloomberg

GTE FCU issues $200M ABS deal in second issuance

byAmanda Harris

April 26, 2023

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GTE Federal Credit Union came to market Monday with a $202.8 million transaction backed by prime auto loans, marking the ...

Fed: Vehicle sales were mixed in April amid high interest rates

byRiley Wolfbauer

May 1, 2023

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Auto sales were mixed in April as improving vehicle supply propped up sales, but high interest rates contributed to softening ...

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.

Group 1, Penske F&I revenue falters as floorplan expenses increase

byJoey Pizzolato

April 26, 2023

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Finance and insurance revenue at Group 1 and Penske Automotive dipped in the first quarter, snapping a streak dating back ...

Pre-owned General Motors Co. Chevrolet vehicles on a lot at the Green Chevrolet dealership in East Moline, Illinois, U.S., on Monday, May 3, 2021. General Motors Co. is scheduled to release earnings figures on May 5. Photographer: Daniel Acker/Bloomberg

GM Financial loan originations up 12% amid strong sales, penetration

byAmanda Harris

September 18, 2024

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Higher retail sales along with an increase in average loan amounts financed and a stronger share of U.S. loan financing ...

Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Tag: Premium

April SAAR expected to hit 15.1M units

HDFS raises provisions 82% YoY as credit performance deteriorates

Carvana cost of funds rises as expected losses increase

US economic growth slows to 1.1% while inflation accelerates

GTE FCU issues $200M ABS deal in second issuance

Fed: Vehicle sales were mixed in April amid high interest rates

Group 1, Penske F&I revenue falters as floorplan expenses increase

GM Financial loan originations up 12% amid strong sales, penetration

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