April 26, 2025 - 15:45
AutoNation Finance has reported a significant increase in loan originations during the first quarter, reflecting a robust performance alongside the retailer's new-vehicle sales. The captive lender, based in Fort Lauderdale, Florida, originated an impressive $460 million in loans, marking a staggering 185.7% increase compared to the same period last year.
This remarkable growth has propelled AutoNation Finance's auto portfolio to a substantial $1.5 billion, showcasing the lender's expanding role in the automotive financing landscape. The surge in originations can be attributed to the rising demand for new vehicles, as consumers continue to seek financing options that cater to their needs.
As AutoNation Finance continues to strengthen its position in the market, industry experts are closely monitoring how this growth will impact the overall automotive finance sector. With increasing competition and evolving consumer preferences, the company’s ability to adapt and innovate will be crucial in maintaining its upward trajectory.
July 31, 2025 - 18:19
Enhanced Supply Chain Finance Integration Between J.P. Morgan and OracleJ.P. Morgan Payments and Oracle have unveiled a new Supply Chain Finance solution that is seamlessly integrated within Oracle Fusion Cloud ERP. This innovative approach allows companies, including...
July 31, 2025 - 01:46
Trump Imposes New Tariffs on Copper and IndiaIn a significant move, former President Donald Trump has announced the imposition of a staggering 50% tariff on copper imports. This decision marks a pivotal moment in U.S. trade policy, reflecting...
July 30, 2025 - 10:43
Komatsu Sees 15% Decline in Retail Finance Originations Year-Over-YearInsights into Komatsu`s first quarter results reveal a significant downturn in both revenue and retail finance originations, with a notable 15% decline compared to the same period last year. This...
July 29, 2025 - 17:07
U.S. Consumer Finance Regulator Moves to Revise 'Open Banking' RulesWASHINGTON - The leading U.S. consumer finance regulator has requested a federal court to temporarily halt an industry lawsuit aimed at overturning the `open banking` regulations established during...