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Price competition between dealers ramps up
Pricing competition has ramped up among dealerships as inventory returns to more normal levels and lenders’ appetite for auto loans...
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National auto interest rates hold north of 8%
Auto loan interest rates remained greater than 8% through the mid-April but showed small signs of relief compared with February....
Massimo Group eyes electric products, expansion
Powersports manufacturer and distributor Massimo Group plans to expand distribution, launch new products and lean further into electrification following the...
Motorhome values fall 11.9%
Motorhome and towables values followed a downward trend in February, while auction volumes rose month over month due to an...
ATPs fall to near 2-year low as incentives creep up
New-vehicle average transaction prices fell to their lowest level in nearly two years in March, driven by a recovery in...
Podcast: ‘Weekly Wrap’ on Q1 earnings kickoff
First-quarter earnings kicked off last week with banks reporting a decline in auto originations. Chase Auto and Wells Fargo Auto’s...
Join the ‘Spark Tank’ workshop at AFS East
Do you have what it takes to create a new future for the auto finance industry? Join the ‘Spark Tank’...
Tesla to cut over 10% of workforce in global retrenchment
Tesla Inc. will slash global headcount by more than 10%, Elon Musk wrote in an email to staff, as the...
Wells Fargo Auto originations decline 18%
Wells Fargo Auto tallied a dip in origination volume during the first quarter as the bank’s auto book continued to...
Volvo Financial Services new business volume down 5% in quarter
Volvo Financial Services’ new business volume dropped 5% in the first quarter of 2024 as the number of units it…
Volvo North American orders drop amid inventory management
Swedish equipment manufacturer Volvo Group’s construction equipment and truck orders decreased in the first quarter as the manufacturer navigated supply…
