Tag: used vehicle sales

Carvana has lowered its interest rates as its profitability, sales and finance volume improve.  The Tempe, Ariz.-based retailer in the past year has ...

More middle-income consumers are opting for newer, used vehicles as the gap grows between lower- and higher-income households.   The economy has shifted from a “K-shape” to an “E-shape,” defined ...

Powersports retailer RideNow Group’s finance and insurance revenue rose in the first quarter as same-store revenue, gross profit and unit volume increased, extending ...

Used-vehicle values rose in April as tax refunds supported sales and prices followed seasonal patterns.  The Manheim Used Vehicle Value Index increased 1.8% ...

CarMax Auto Finance’s originations declined in the fourth quarter of fiscal 2026 as the retailer is eyeing improving performance under new leadership.  The retailer’s net loans originated tallied $1.9 ...

Since the realization that the post-pandemic portfolios, originated in 2022 and 2023, were going to underperform nearly industrywide, there have ...

AI-driven auto lender Lendbuzz is projecting a rise in originations in 2026 as it expands its near-prime consumer base and leans on alternative ...

New identification restrictions for vehicle registrations in Texas took effect March 5 amid continued concerns from dealers and lenders.  Tighter residency requirements for vehicle registrations are ...