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Powell signals Fed would respond to persistent inflation shock
Federal Reserve Chair Jerome Powell said the economic impact of new tariffs is likely to be significantly larger than expected,...
US hiring picks up, showcasing solid job market ahead of tariffs
US job growth topped all forecasts in March, suggesting the labor market was holding up well before President Donald Trump’s...
Subprime lenders pull back from non-FICO borrowers
Subprime auto lenders that serve borrowers with no FICO scores are tightening underwriting standards and shifting strategies to prioritize loan...
Auto stocks slide on tariff news: Ford down 5.9%, GM down 4.3%
Ford, General Motors and Stellantis stocks dropped in premarket trading and proceeded to fall throughout the day. At market close...
Carmakers idle plants, rethink prices as Trump’s tariffs hit
Just hours after taking effect, President Donald Trump’s 25% tariffs on imported cars are already reverberating around the globe. Jeep-maker...
Grasshopper launches digital banking for ACG members
Grasshopper Bank has completed its acquisition of Auto Club Trust FSB, the banking arm of The Auto Club Group which brings the merged entity’s asset size...
Pre-tariff rush drives strong March sales, Q1 gains
Vehicle sales climbed for nearly every automaker in the first quarter as looming tariffs drove a March sales surge. The...
Morgan Automotive Group’s finance VP joins Auto Finance Summit East 2025
Auto Finance News is pleased to announce that Justin Buzzell, vice president of financial services at Morgan Automotive Group, will take part in a panel...
