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General Motors Co. posted a $2 billion net profit in the fourth quarter finishing the year strong despite supply chain struggles, record prices and other...
https://www.fi-magazine.com/369943/gm-finishes-year-strong
New business division offers enterprise customers a more flexible finance solution for vehicle purchase.
https://www.fi-magazine.com/363929/online-automotive-retailing-takes-a-major-step-forward-with-autofis-lending-as-a
S&P Global Mobility reports auto loan delinquency exceeded recession-era highs in the first quarter.
https://www.fi-magazine.com/371170/auto-delinquency-soars-in-q1
Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.
https://www.fi-magazine.com/369712/new-vehicle-sales-plummet-to-record-lows-in-2022
Black Book’s Used Vehicle Retention Index ticked downward for the second time in December, but seasonal declines weren’t enough to derail the key metric’s...
https://www.fi-magazine.com/355421/used-vehicle-retention-shows-first-decline-since-may
Leader in indirect vehicle leasing for credit unions processed more leases in October than in any other month in its history.
https://www.fi-magazine.com/363437/vehicle-leasing-soars-at-credit-unions-in-october-cula-posts-record-month
Highlights include a significant spike in dealership profits and skyrocketing demand from dealership groups that want to acquire more stores.
https://www.fi-magazine.com/366454/latest-haig-report-tracks-trends-in-auto-retail-and-impact-on-dealership-values
Automakers blame tightened inventories for double-digit sales declines, but warn higher interest rates, gas prices and rising inflation will push buyers out...
https://www.fi-magazine.com/368616/tightened-inventory-and-fewer-buyers-pose-risk-to-auto-industry
The August index hit a new all-time high, now the highest it’s been since May 2014.
https://www.fi-magazine.com/362783/black-book-used-vehicle-retention-index-increases-3-0-points-in-august
Borrowers and lenders alike are wondering who has the capacity to pay and how resilient is this capacity? Institutions that make the most of insight,...
https://www.fi-magazine.com/362652/digital-adoption-in-an-uncertain-world-how-auto-lenders-can-evolve-collections-f