-
5 days ago | 
autofinancenews.net | Truth Headlam
By Truth Headlam April wholesale used-vehicle values reached the highest reading in 18 months as consumer confidence reached record low levels and demand drove prices up. The Manheim Used Vehicle Value Index came in at 208.2, up 4.9% year over year and 2.7% month over month, according to Cox Automotive. April marked the highest index reading [...]
-
6 days ago | 
autofinancenews.net | Truth Headlam
By Truth Headlam Lucid Motors and Rivian Automotive reported an upswing in production in the first quarter but noted the rapidly shifting tariff environment has affected their outlook for the rest of the year. Newark, Calif.-based Lucid produced 2,212 vehicles in Q1, a 28.6% increase year over year, according to the company's earnings release. Deliveries were also up [...]
-
1 week ago | 
autofinancenews.net | Truth Headlam
By Truth Headlam RumbleOn's finance and insurance revenue dropped in the first quarter of 2025 as the company's turnaround remains challenged by consumer sentiment and tariff uncertainty. Finance and insurance (F&I) revenue dropped 18.2% year over year to $21.1 million in RumbleOn's powersports segment, according to the company's earnings release today. The powersports retailer recently shuffled its [...]
-
1 week ago | 
autofinancenews.net | Truth Headlam
By Truth Headlam Used-vehicle values are seeing a boost as consumer demand rises amid tariff concerns. The Exponential Used Vehicle Index, measuring wholesale prices of used vehicles and inventory awaiting sale, sat at 146.28 as of May 1, a jump of 4.2% year over year and 2.9% month over month. Year to date, prices have soared 8.9% for used [...]
-
1 week ago | 
autofinance.live | Aidan Bush |Truth Headlam |James Van Bramer
Auto Finance News is pleased to announce that Andrew Leone , chief commercial officer of Hyundai Capital America , will join an executive dialogue on best practices for successful strategy execution in a changing market during Auto Finance Summit East 2025, taking place May 12-14 at the JW Marriott in Nashville, Tenn.
-
1 week ago | 
autofinancenews.net | Truth Headlam
By Truth Headlam Penske Automotive's finance and insurance revenue dropped in the first quarter as used inventory shrank. Finance and insurance (F&I) revenue dropped 3.8% year over year to $198.2 million, according to the company's April 30 earnings release. F&I made up 3% of Q1 revenue, down 20 basis points (bps) YoY, and 18.3% of gross profit, down120 [...]
-
1 week ago | 
autofinancenews.net | Truth Headlam
The latest shift in focus from the Consumer Federal Protection Bureau should prompt auto lenders to pay close attention to state-level regulation and prepare for variation in law interpretation, legal experts say. The CFPB on April 18 announced it would be adopting a " more limited vision for enforcement and supervision activities," according to a court filing .
-
2 weeks ago | 
autofinancenews.net | Truth Headlam
By Truth Headlam RV dealer group Camping World's finance and insurance revenue increased in the first quarter as used vehicle sales saw a boost. Finance and insurance revenue rose 9.8% year over year to $148.7 million, according to the company's April 29 8-K filing with the Securities and Exchange Commission. Used sales rise 30% Used-vehicle sales rose 30.3% [...]
-
2 weeks ago | 
autofinance.live | Truth Headlam
The Demo Challenge is returning to Auto Finance Summit East 2025, taking place May 12-14 in Nashville, Tenn., as nine financial services startups compete live to be named Best in Show during the contest on Tuesday, May 13, at 1:45 p.m. During the showcase, moderated by Sam Davidson, CEO of the Nashville Entrepreneur Center, each company will demonstrate its latest innovative technologies in auto finance and mobility to attendees, who will vote for two semifinalists to move on to the final round.
-
2 weeks ago | 
autofinancenews.net | Truth Headlam
By Truth Headlam Polaris' sales continued to slide in the first quarter amid economic and trade uncertainties. Overall sales were down 12% year over year, landing at $1.5 billon, in part due to the company's decision to reduce shipments to manage dealer inventory amid a dip in consumer demand, Chief Executive Mike Speetzen said on the company's earnings [...]
