Tricolor court proceedings begin, fraud investigation confirmed
A federal investigation into subprime auto lender Tricolor Holdings was confirmed as court proceedings began last week. In a court hearing on Oct. 3, Tricolor’s lawyers confirmed that federal law enf...
6 Okt 20256min
Sales, supply, promotions dominate Powersports Finance Summit 2025
Powersports dealers are working closely with manufacturers to balance supply with a decline in sales and worsened consumer confidence, themes that were prevalent during Powersports Finance Summit 2025...
29 Sep 20255min
An automotive business expert breaks down the Tricolor bankruptcy
As the Department of Justice investigates the alleged fraudulent claims against Tricolor Auto Acceptance, one expert warns that there may not be enough collateral to satisfy the subprime lender’s outs...
22 Sep 202515min
Breaking down Tricolor Auto’s collapse
Tricolor Auto Acceptance’s chapter 7 bankruptcy filing on Sept. 10 has led to ratings downgrades for the financier and talks of potentially wider implications for the buy here, pay here and subprime m...
15 Sep 20257min
BHPH dealer Oak Motors’ applications up 30%, approvals fall
Buy here, pay here dealership Oak Motors is slowing approval of credit applications as long-term affordability concerns persists and despite increased volume. Anderson, Ind.-based Oak Motors’ applica...
8 Sep 202530min
Floorplan finance fraud on the rise; CUs lean into auto
As fraudulent activity picks up across the automotive industry, floorplan financiers are also seeing an uptick in dealers disappearing with vehicles or submitting false documents. Floorplan lenders s...
25 Aug 202511min
Proposed CFPB rule change teases win for nonbank lenders
Nonbank auto lenders may soon have a reason to celebrate, following a proposed rule change by the Consumer Financial Protection Bureau to how it defines larger participants of the auto market. On Aug....
18 Aug 20256min
Podcast: Vehicle repair costs up 43% since 2019, Synchrony says
Amid sustained inflation, more high-tech vehicles in the market and tariff-induced uncertainty, aftermarket repair costs are steadily climbing.Vehicle repair costs are up 43% since 2019 to an average ...
11 Aug 202520min
