Weekly Wrap: New-vehicle sales decline, legal woes plague subprime lender
Automakers are preparing for yet another month of slowing new-vehicle sales as the semiconductor chip shortage worsens and supply dries...
Consumers continue to delay purchases, shift to used market amid chip shortage
Dealerships are facing new challenges as nearly half of all consumers looking to purchase a new vehicle postponed their purchases...
Ironhorse Funding COO Jon Krumdick talks powersports finance market growth
In its first three years, powersports lender Ironhorse Funding has grown its assets under management to more than $100 million,...
Marc Womack named head of operations at Santander Consumer USA
Marc Womack Former TD Auto Finance Chief Executive Marc Womack has been named Santander Consumer USA’s head of operations, effective...
Pandemic drives 10% F&I product sales volume jump in Q2
Finance and insurance (F&I) product sales have jumped nearly 10% from a year ago, driven by an increase in digital...
Powersports lender Ironhorse Funding looks to expand direct financing options
Powersports lender Ironhorse Funding is looking to offer direct-to-consumer retail financing by the first quarter of 2022. The Beverly, Mass.-based...
ThunderRoad Financial CEO on dealer relations, inventory and work from home
Donal Hummer Jr. Following a year of renewed demand for powersports products, ThunderRoad Financial plans to expand into much of...
Auto refinance company OpenRoad Lending eyes expansion following investment
Auto refinance company OpenRoad Lending will expand its direct-to-consumer financing options to include vehicle purchase loans following a significant investment...
