Fed finds a mixed automotive market at summer’s end
One conclusion is clear: there’s no clear conclusion on auto finance trends from the Federal Reserve’s most recent data. Delinquencies ...
Tag: inventory
Arivo’s Landon Starr on new loan structuring tool for dealers
Subprime lender Arivo Acceptance is looking to technology to speed the funding process and appeal to its dealership partners. Providing ...
EV incentives reach 6.7% of ATP in July
Electric vehicle incentives climbed in July in tandem with a dip in average transaction prices and as EV supply outpaces ...
Toyota Financial Services’ subvented contracts up 29%
Toyota Financial Services’ subvention activity increased in the first quarter of fiscal year 2024 as North American production and sales ...
Sopra Banking Software expands floorplan finance tech in US
Financial technology company Sopra Banking Software has expanded the capabilities of its floorplan financing software-as-a-service in the United States as ...
Cal Automotive lease return rate climbs to 20%
Cal Automotive’s lease return rate is climbing after plummeting last year due to elevated used-vehicle values, allowing the New Jersey-based ...
‘Tsunami of product coming’ as EV production outpaces sales
Electric vehicle sales picked up in the second quarter, but continued production, high prices and consumer hesitancy could contribute to ...
Q2 auto sales remain strong despite interest rate headwinds
Auto sales jumped in the second quarter despite a lack of incentives coming into the July 4 holiday, with nearly ...
