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Powersports manufacturer BRP is withdrawing its fiscal 2027 guidance due to uncertainty over cost uncertainty created by revised U.S. tariffs on imported vehicles and components. The powersports manufacturer expects more than $500 million in incremental costs this year following amendments to Section 232 tariffs that shift duties to 25% of the total value of imported snowmobiles and most off-road vehicles, rather than the previous […]
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Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
Auto lenders are looking to strengthen relationships to bolster dealer profitability amid uncertainty, margin compression and shifting consumer behavior. Auto financier Santander Bank’s dealer commercial services strategy focuses on...
David Thompson
David Thompson
David Thompson
