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BHPH lender Synergy Capital Auto files for bankruptcy

Bogged down by debt, buy-here, pay-here lender Synergy Capital Auto Lending filed for Chapter 11 bankruptcy

Marcie Belles

RideNow secures $35M in floorplan loan

RideNow Group Inc. secured an additional $35 million in floorplan financing capacity, expanding the company’s liquidity

Auto Finance News, AI-assisted

US House unveiled plan to charge $130 fee for electric vehicles

House lawmakers made public a massive transportation bill Sunday that would impose new fees on electric

Bloomberg News

Lenders offer CPO incentives, consider CPO leasing

Lenders and retailers are encouraging certified pre-owned lending and expressing interest in leasing certified pre-owned vehicles

Aidan Bush

Pagaya increases public ABS issuance as private credit faces scrutiny

Pagaya Technologies is leaning more on public securitization issuance because of volatility in private credit markets.

Amanda Harris

FDIC approves creation of Stellantis Bank USA

Stellantis Financial Services received approval to form an industrial bank, allowing it to tap FDIC insurance

Aidan Bush

RideNow’s F&I revenue up 3.3% in Q1

Powersports retailer RideNow Group’s finance and insurance revenue rose in the first quarter as same-store revenue,

Johnnie Martinez II

High gas prices could last through July, stressing subprime consumers

A snowball effect started by rising gas prices could make it more difficult for subprime borrowers

Aidan Bush

Credit Union Auto Lending Surges

David Thompson

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

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BHPH lender Synergy Capital Auto files for bankruptcy

RideNow secures $35M in floorplan loan

US House unveiled plan to charge $130 fee for electric vehicles

Lenders offer CPO incentives, consider CPO leasing

Pagaya increases public ABS issuance as private credit faces scrutiny

FDIC approves creation of Stellantis Bank USA

RideNow’s F&I revenue up 3.3% in Q1

High gas prices could last through July, stressing subprime consumers

Credit Union Auto Lending Surges

Daily Intelligence Brief

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Navigating the Margin Squeeze: EVs, Tariffs & Pricing — A Q&A with Earnix

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Tesla announces new fleet financing program

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