Automakers largely reported climbing sales in September and the third quarter as manufacturers pushed aggressive incentives and stalled tariff-induced price hikes. Analysts forecast that this year will mark the highest Q3 new-vehicle sales volume since 2019, with about 4.1 million new cars and trucks sold in the United States, according to an Edmunds report published […] The post Auto sales rise in September, Q3 amid incentives, EV pull-ahead appeared first on Auto Finance News.| Auto Finance News
Auto Finance News is pleased to announce that Elen Callahan, head of research at Structured Finance Association, will co-host a presentation on capital markets alongside Xiaowei Luan, managing partner and co-founder of AX Partners, at Auto Finance Summit 2025, returning Oct. 15-17 at the Bellagio Las Vegas. Callahan has been head of research at Structured […] The post Structured Finance Association’s Callahan, AX Partners’ Luan join Auto Finance Summit 2025 appeared first on Auto Fina...| Auto Finance News
Auto Finance News is pleased to announce that Reggie Branch, senior director of indirect lending at Arvest Bank, will join a discussion on smarter underwriting at Auto Finance Summit 2025, returning Oct. 15-17 at the Bellagio Las Vegas. View the full event agenda here. Branch has more than 40 years of industry experience, with more than […] The post Arvest Bank’s Reggie Branch to join Auto Finance Summit 2025 appeared first on Auto Finance News.| Auto Finance News
Auto Finance News is pleased to announce that Lori Morgan, national operations manager at U.S. Bank, will join a session on new opportunities and lender-dealer collaboration during Auto Finance Summit 2025, taking place Oct. 15-17 at Bellagio Las Vegas. View the full event agenda here. Morgan has been with U.S. Bank for 21 years and has […] The post U.S. Bank’s Lori Morgan joins Auto Finance Summit 2025 appeared first on Auto Finance News.| Auto Finance News
Tricolor Chief Executive and founder Daniel Chu is no longer affiliated with the subprime auto lender, multiple sources tell Auto Finance News. Chu owned 27.5% of the company ahead of the Chapter 7 bankruptcy, according to a Sept. 10 Kroll Bond Rating Agency report. More than 72% of the company was owned by a “large […] The post Tricolor CEO Daniel Chu out, sources say appeared first on Auto Finance News.| Auto Finance News
Subprime auto lender Arra Finance has secured an over $100 million line of warehouse financing from Goldman Sachs even as lenders are being more cautious. Arra Finance, which acquired Cresent Bank’s auto finance division and servicing rights to its $770 million auto portfolio last month, closed on the warehouse funding line in June, Arra Chief […] The post Exclusive: Arra Finance secures over $100M warehouse line from Goldman Sachs appeared first on Auto Finance News.| Auto Finance News
Used towable and motorhome values dropped in August as dealers prepare for seasonal lows ahead of colder weather. Dealers are struggling to sell used RVs, Jud Chamblee, director of indirect sales at TDECU, said during a session at Powersports Finance Summit 2025 in Columbus, Ohio, on Sept. 24. “There are a ton of used RVs […] The post Towable values drop 9.2% YoY in August appeared first on Auto Finance News.| Auto Finance News
General Motors Co., Hyundai Motor Co. and Ford Motor Co. said they would extend discounts on certain electric models after a $7,500 federal tax credit expired Tuesday, a bid to maintain momentum after a surge in third-quarter sales. Car companies are stepping in to preserve discounts and smooth the sell-down of existing EV inventory after […] The post Automakers extend $7,500 EV discount after federal subsidy expires appeared first on Auto Finance News.| Auto Finance News