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  • 3 weeks ago | autofinancenews.net | Amanda Harris

    By Amanda Harris Used-vehicle values increased year over year but dipped month over month in May following strong wholesale appreciation in April, while retail used-car sales also rose YoY but slowed compared with April. The Manheim Used Vehicle Value Index landed at 205.2, up 4% YoY but down 1.4% MoM, according to Cox Automotive data published today. Prior [...]

  • 3 weeks ago | autofinancenews.net | Amanda Harris

    By Amanda Harris Wells Fargo has named Kevin Reen its new head of auto following Tanya Sanders' promotion into the role of chief administrative officer of consumer lending, a Wells spokesperson told Auto Finance News today. Reen has more than 20 years' experience in consumer lending, most recently serving as head of home lending at Wells Fargo since [...]

  • 3 weeks ago | autofinancenews.net | Amanda Harris

    By Amanda Harris Bank of America has lowered its EV sales penetration projections amid regulatory changes and an uptick in hybrid penetration. The bank projects EV penetration of car sales to land at about 8% in 2025, 10% in 2026, 12% in 2027 and 14% in 2028, John Murphy, senior automotive analyst for Bank of America Securities, said [...]

  • 3 weeks ago | autofinancenews.net | Amanda Harris

    By Amanda Harris Powersports lender Ironhorse Funding wants to establish additional forward-flow funding agreements as it plans to more than double its monthly origination volume and expand to more dealerships. Ironhorse funds more than $20 million per month in originations, up from about $10 million in the fourth quarter of 2024, Chief Executive Jon Krumdick told Auto Finance [...]

  • 3 weeks ago | autofinancenews.net | Amanda Harris

    By Amanda Harris Hyundai Capital America today named Jim Drotman its president and chief executive, succeeding Marcelo Brutti. In his new role, Drotman will lead the captive's dealer and customer relationships with Hyundai Motor America, Kia America and Genesis Motor America, according to an HCA release today. Brutti became executive vice president, head of Global Business Division [...]

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Amanda Harris
Amanda Harris @Amanda_D_Harris
6 Jun 25

Used-vehicle values increased year over year but dipped month over month in May following strong wholesale appreciation in April, while retail used-car sales also rose YoY but slowed compared with April. #autofinance #autofinance #autoindustry https://t.co/mcIWYi0xM4

Amanda Harris
Amanda Harris @Amanda_D_Harris
5 Jun 25

Wells Fargo has named Kevin Reen its new head of auto following Tanya Sanders’ promotion into the role of chief administrative officer of consumer lending. #autofinance #autoindustry https://t.co/l78qbCi8N2

Amanda Harris
Amanda Harris @Amanda_D_Harris
4 Jun 25

Powersports lender Ironhorse Funding wants to establish additional forward-flow funding agreements as it plans to more than double its monthly origination volume. #powersports #autoindustry #autofinance #capital https://t.co/LOfq5vwCgf