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US jobs report points to gradual moderation in labor market
US job growth moderated in May and the prior months were revised lower, indicating employers are cautious about growth prospects...
Wells Fargo names Kevin Reen head of auto
Wells Fargo has named Kevin Reen its new head of auto following Tanya Sanders’ promotion into the role of chief...
Captives, OEMs combat tariffs with collaboration
Captives and OEMs are meeting regularly to address affordability in a market defined by uncertainty, as President Donald Trump signed...
Subprime lenders eye ‘AI for good’ amid tariff headwinds
PLANO, Texas — Subprime auto lenders are prioritizing technology investments and preparing for potential slowdowns to weather macroeconomic headwinds. Focusing...
Bank of America lowers EV penetration estimate to 14% by 2028
Bank of America has lowered its EV sales penetration projections amid regulatory changes and an uptick in hybrid penetration. The...
Ironhorse seeks funding as originations double
Powersports lender Ironhorse Funding wants to establish additional forward-flow funding agreements as it plans to more than double its monthly...
Thor Industries sales rise 3%
RV retailer Thor industries’ sales increased during its fiscal third quarter as promotions ticked up and inventory shrank. Elkhart, Ind.-based...
Repo assignments hit 2.1M YTD through April
Vehicle repossessions and delinquencies are increasing as consumers continue to grapple with rising costs. National repossession assignments totaled 2.1...
