Ally Financial will exit both the Transportation Equipment Finance and the RV Commercial and Consumer lines of business. Ally RV dealers were notified of the decision earlier in August, with…
Automotive finance amounts and monthly payments continue to reach new highs, but consumers seem unfazed. According to Experian's State of the Automotive Finance Market report, the percentage of 30- and…
Carvana has launched in four additional markets. The online retailer added three cities in Michigan: Grand Rapids, Lansing and Flint. It also moved into Fort Wayne, Indiana. Carvana established its…
Interest rates for new cars are at one of their lowest points in three years, according to the website WalletHub. Average new-car financing today is 12 percent less interest than…
Credit Acceptance Corp. completed a $398.3 million asset-backed non-recourse secured financing. Pursuant to this transaction, Credit Acceptance contributed loans having a net book value of approximately $500.1 million to a…
Police say that found two-dozen clocked vehicles when they inspected a Florida used-car dealership. The Lee County Sheriff's Office Auto Theft and Economic Crimes Units conducted a joint dealership inspection…
ACV Auctions has hired Matthew George as chief financial officer and Craig Anderson as chief corporate development officer. George and Anderson will help manage ACV’s expansion and strategic plan as…
Copart Inc. announced the opening of its newest South Carolina location. The facility is located at 1921 Nazareth Church Road in Spartanburg. The new Spartanburg facility adds 96 acres of…
Auto finance defaults rose in July, according to S&P Dow Jones Indices and Experian. The S&P/Experian Consumer Credit Default Indices show the auto finance default rate increased to 0.96 percent…

Please publish modules in offcanvas position.