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  • January U.S. Light-Vehicle Sales Tracking to 7-Month-High Annualized Rate
    by Haig Stoddard on January 25, 2022 at 8:53 am

    First-quarter U.S. sales are forecast to total a 15.2-million annualized rate, highest quarterly total since 16.9 million in Q2-2021, and…      Related Stories Biden Admin. Hopes to See First Chargers This Year; BEVs Less Likely to Catch Fire? North America Production Turns More Positive in Q4-2021, Q1-2022 Eat Your Heart Out, Detroit: Autonomous Volvo SUV with Ride Pilot to Debut in California First  

  • U.S. Light Vehicle Sales & Inventory Forecast, January 2022
    on January 25, 2022 at 8:49 am

    U.S. light vehicle sales and inventory forecast by company and by source and vehicle type for January 2022. Includes SAAR…      Related Stories China Vehicle Sales, December 2021 China Vehicle Production, December 2021 Mexico Truck Sales by Weight Class, December 2021  

  • China Vehicle Sales, December 2021
    on January 24, 2022 at 4:09 pm

    China vehicle sales by vehicle type and company for December 2021.      Related Stories China Vehicle Production, December 2021 Mexico Truck Sales by Weight Class, December 2021 Asia Vehicle Sales, November 2021  

  • China Vehicle Production, December 2021
    on January 24, 2022 at 3:48 pm

    China vehicle production by vehicle type and manufacturer for December 2021.      Related Stories Mexico Truck Sales by Weight Class, December 2021 Asia Vehicle Sales, November 2021 Asia Vehicle Production, November 2021  

  • Biden Admin. Hopes to See First Chargers This Year; BEVs Less Likely to Catch Fire?
    by Christie Schweinsberg on January 21, 2022 at 3:22 pm

    President Biden’s goal to blanket the U.S. with a half-million chargers is proceeding, while research finds battery fires in BEVs…      Related Stories January U.S. Light-Vehicle Sales Tracking to 7-Month-High Annualized Rate North America Production Turns More Positive in Q4-2021, Q1-2022 Eat Your Heart Out, Detroit: Autonomous Volvo SUV with Ride Pilot to Debut in California First  

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Auto Finance News

  • Huntington Bank posts recoveries on NCOs for third straight quarter
    by Whitney McDonald on January 26, 2022 at 10:20 pm

    Huntington Auto Finance posted recoveries on net charge-offs in the second, third and fourth quarters of 2021 as the bank invested in its digital capabilities, new customer acquisitions and relationship-deepening strategies. The bank’s auto business in Q4 posted a net charge-off recovery of 0.03%, following recoveries of 0.10% in Q3 and 0.13% in Q2. Meanwhile,

  • Fed signals liftoff ‘soon,’ sees asset-reduction start afterward
    by Bloomberg News on January 26, 2022 at 7:22 pm

    The Federal Reserve signaled it will start raising interest rates “soon” and shrink its bond holdings after liftoff has begun, moving toward ending ultra-easy pandemic support to fight the hottest inflation in a generation. “With inflation well above 2% and a strong labor market, the committee expects it will soon be appropriate to raise the

  • Highly desired and highly priced: The snowmobile market has no chill
    by Whitney McDonald on January 26, 2022 at 4:13 pm

    The snowmobile industry is experiencing all-too-familiar inventory crunches despite its unique sales model and hyper-niche consumer base as heightened demand and appreciating vehicle prices continue to affect the automotive and powersports industries alike. Manufacturers and dealers are ditching incentives and selling snowmobiles at manufacturer’s suggested retail price (MSRP) as demand drives sales, Octane Chief Revenue Officer Mark Davidson told Auto

  • Navy Federal Credit Union logs record $12B of auto originations in 2021
    by Whitney McDonald on January 25, 2022 at 9:41 pm

    Navy Federal Credit Union booked $12 billion in auto loans in 2021, exceeding its 2020 origination volume by 14%. “It’s an all-time record for most auto loans booked in a calendar year,” Gary Guthridge, Navy Federal associate vice president of consumer portfolio and loan protection products, told Auto Finance News. Navy Federal credits the record-high

  • Auto collection complaints skyrocket 72% in 2021
    by Marcie Belles on January 25, 2022 at 8:05 pm

    Consumer complaints related to vehicle loans and leases increased 12% in 2021, but those centered on the collection of debt shot up 72%, according to data from the Consumer Financial Protection Bureau (CFPB). Industrywide, consumers filed 7,779 complaints related to their auto loans and leases. Delinquent borrowers filed another 3,328 complaints revolving around collection of

WardsAuto

Shadow Stats

  • Flash Commentary No, 1460b
    on June 21, 2021 at 12:57 am

    • Fundamentals Could Not Be Stronger for Gold and Silver, nor Weaker for the U.S. Dollar and Stocks, Despite Fed or Market Nonsense to the Contrary • There Is No V-Shaped Recovery • Battered, Non-Recovered May 2021 Payrolls and Unemployment Confirmed a Still-Ravaged Economy on Par With the Great Depression • Severely Negative Annual Revisions to Industrial Production Mean the Economy Was in Recession Well Before the Pandemic Hit • Business-Cycle Conditions Are Collapsing Rapidly, Amidst an Extreme Acceleration in Inflation • 2021 Social Security Cost of Living Adjustment (COLA) Could Spike to a 40-Year High, Based on Potential Third-Quarter 2021 CPI-W • Bureau of Labor Statistics Reveals It Cannot Measure the CPI Properly, At Present • FOMC Has Trouble Forecasting Inflation One Quarter Ahead, Let Alone Two Years Ahead • Despite Talk of “Tightening” in 2022 or 2023, FOMC Is “Easing” Anew in Its Latest Actions

  • Flash Commentary No. 1460a
    on May 31, 2021 at 11:07 pm

    • Benchmarked Industrial Production Revised Sharply Lower; Both Manufacturing and Mining Were Hit Hard • New Numbers Indicate the Economy Was in a Deepening Recession, Well Before the Pandemic Shutdown and Collapse • Old Numbers Showed Production Peaked in December 2018 and Flattened Out, February 2020 Pre-Pandemic Peak Was 3.75% Higher Than the Pre-Great Recession Peak • New Numbers Show Production Peaked in August 2018 and Entered Protracted Decline, February 2020 Pre-Pandemic Peak Was 1.11% (-1.11%) Below the Pre-Great Recession Peak • Manufacturing Sector Has Never Recovered Pre-Great Recession Peak Levels • April 2020 Pandemic/Economic Trough Revised Lower by 5.1% (-5.1%) • Economic Recovery Is Not as Close as Hyped by the Consensus Outlook • Negative Implications Here for the July 29th GDP Benchmarking • Chances Are Reduced for Moderating Extreme Monetary and Fiscal Policies • Evolving Circumstances Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

  • Benchmark Commentary No. 1459
    on April 21, 2021 at 9:15 am

    • Intractable and Deteriorating Conditions Still Signal No Imminent Economic Recovery, Irrespective of Some Bounces in March Activity Against Weather-Driven February Collapses • Monthly Annual and Post-Pandemic Payroll Declines Have Stabilized Around Minus Six-to-Seven Percent for the Last Eight Month, Weakest Showing Since 1946 • Annual-Change Gyrations Are Just Beginning for Economic, Inflation, Money Supply and Financial Return Numbers, as the Pandemic-Driven Collapse Passes It First Anniversary • Beyond Year One, Multi-Year, Crisis-Driven Collapses Need to Be Assessed Against Pre-Crisis Levels, or Stacked Two-Year Change, As Well As Year-to-Year Change • The Federal Reserve Overhauled Its Money Supply Reporting, Redefining Traditional M1 from 34.8% to 93.4% of a Not-Redefined Total M2 • This Masked Accelerating Flight-to-Liquidity in Traditional M1 from Non-M1 Components of M2 • ShadowStats Defined “Basic M1” — Combined Currency and Demand Deposits — Still Reflects the Extraordinary Liquidity Flight to, and Surge in the Narrower Money Supply • Expanded Federal Reserve Accommodation Remains Likely Well Into 2023, Given the Increasingly Negative Outlook for Imminent U.S. Economic Recovery • Fed Chair Powell Noted That Surging Money Supply No Longer Boosts the Economy • That Is Because the Current Collapse Is Pandemic, Not Business-Cycle Driven; Surging Money Growth in a Non-Business-Cycle Collapse Can Trigger Hyperinflation • Surging Monetary Base, Reserves and Currency Indicate Intensifying Systemic Problems • Underlying Fundamentals Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

  • Flash Commentary No. 1458
    on February 24, 2021 at 9:59 am

    • January 2021 Manufacturing Declined Year-to-Year for the 19th Consecutive Month, Still in the Downturn Induced by the FOMC 15 Months Before the Pandemic Collapse • Where January 2021 Year-to-Year Manufacturing Contracted by 1.0% (-1.0%), It Also Contracted by 1.8% (-1.8%) from January 2019, Two Years Ago • While the January 2021 Cass Freight Index® Gained Year-to-Year for the Fourth Straight Month, It Also Contracted by 1.6% (-1.6%) from Two Years Ago • Despite Happy Headline Gains in January 2021 Real Retail Sales, Production and Construction, the Underlying Payroll Employment Numbers Tell the Opposite Story • First-Quarter 2021 GDP Remains at Risk of Relapsing into Quarterly Contraction • January 2021 Producer Price Index Monthly Inflation Hit a Record, 10-Year High • U.S. Dollar Collapse Accelerates • Holding Physical Precious Metals Remains the Best Hedge Against Developing Inflation and Financial-Market Turmoil

  • Flash Commentary No. 1457
    on February 16, 2021 at 3:21 am

    • Pandemic-Driven Unemployment Soared to an April 2020 Peak of About 32%, Worse Than in the Great Depression; Such Was Against a January 2020 Pre-Pandemic U.3 Unemployment Rate of 3.5% • In the Latest Four Months, Pandemic-Driven Unemployment Has Leveled Off Around 12%, Worst Since Before World War II, Other than for the Pandemic • Payroll-Employment Benchmark Revisions Showed a Deepening, Accelerating Decline into an April 2020 Trough, With Renewed Deterioration at Present; Recovery from the Pandemic Shutdown Has Stalled and/or Is Regressing • January 2021 Annual Growth in Money Supply M1 and M2 Surged to Respective Record Highs of 69.7% and 25.8%, Despite Some Downside Benchmark Revisions • Near Record Growth of Currency in Circulation Foreshadows Inflation Risk • Nonetheless, January 2021 CPI-U Annual Inflation Hit a Soft, Ten-Month High of 1.4%, Boosted by Gasoline Prices, but Constrained by Mixed Food and Core Inflation • Stock Indices Are At or Near All-Time Highs, Coming into the First Anniversary of the Pre-Pandemic Stock-Market Peaks and Subsequent Crashes • Near-Term Financial-Market Turmoil Likely Is Far from Over, Given Renewed Deterioration in Economic Conditions

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Lending Times

  • Thursday December 5 2019, Weekly News Digest
    by Allen Taylor on December 5, 2019 at 3:06 pm

    News Comments Today’s main news: SoFi gets BitLicense in New York. Funding Circle unveils 250M GBP securitization of SME loans. Zopa raises 1.4M GBP. RateSetter to close family finance product. RMBS gears up for securitization windfall. Reserve Bank of India raises P2P lending limit by 5x. Today’s main analysis: Prosper performance update – October 2019. The post Thursday December 5 2019, Weekly News Digest appeared first on Lending Times.

  • Friday November 29 2019, Weekly News Digest
    by Allen Taylor on November 29, 2019 at 2:27 pm

    News Comments Today’s main news: Funding Circle US launches Small Business Choice. LendingPoint closes $175.6M direct-to-consumer securitization. Chinese P2P lenders have 2 years to change business model. Klarna starts new merchant partnership every 8 minutes. Today’s main analysis: Cities where millennials have the highest credit card balances. Today’s thought-provoking articles: Schwab to acquire TD Ameritrade, The post Friday November 29 2019, Weekly News Digest appeared first on Lending Times.

  • Thursday November 21 2019, Weekly News Digest
    by Allen Taylor on November 21, 2019 at 2:57 pm

    News Comments Today’s main news: SoFi helps Pro.com make home improvement loans. BlueVine raises $102.5M. OCC, FDIC propose Madden fixes. Twino CEO stands down, platform hits 1B euro in loans issued. Funding Xchange raises $10.4M. Today’s main analysis: LexinFintech lending business analysis (A MUST-READ). Today’s thought-provoking articles: Fed rate inversion. 10 cities that cost money The post Thursday November 21 2019, Weekly News Digest appeared first on Lending Times.

Automoblog

  • 6 Most Reputable Extended Car Warranty Companies (2022)
    by Kristin McClure on January 25, 2022 at 5:00 pm

    Extended auto warranties can help you better predict the costs of owning a car and bring financial peace of mind. Not all extended warranty providers are trustworthy, so it’s important to know how to pick a reputable extended car warranty company and avoid scams. Endurance topped our list of the most reputable extended car warranty companies for 2021. Affiliate disclosure: Automoblog and its partners may be compensated when you purchase the products below. An extended car warranty should bring you Original article: 6 Most Reputable Extended Car Warranty Companies (2022)

  • 2022 Ford Ranger Splash Limited Edition Now Available In Three New Colors
    by Carl Anthony on January 14, 2022 at 7:25 pm

    We said it was the “splash from the past” when it debuted in September of 2021! The Splash Package is now an option for the 2022 Ford Ranger, a throwback to the colorful trucks of the 1990s. Beyond the standard Splash Package is the Splash Limited Edition. These Rangers will show up every few months in a series of one-time-only hues with just a few hundred trucks available. And to start 2022, Ford has announced the first three Splash Limited Original article: 2022 Ford Ranger Splash Limited Edition Now Available In Three New Colors

  • Watch The New Honda Civic Type R Run The Suzuka Circuit
    by Automoblog Staff on January 14, 2022 at 5:14 pm

    Fresh from testing at the Suzuka Circuit, the all-new Honda Civic Type R made its first public appearance in prototype form at the Tokyo Auto Salon. This video takes us behind the scenes and provides a brief snapshot of the new Type R running the track. Expect the Civic Type R to be unveiled later in 2022. Original article: Watch The New Honda Civic Type R Run The Suzuka Circuit

  • 2022 Mazda Miata Overview: Pricing, Trim Levels & New Kinematic Posture Control
    by Alvin Reyes on January 13, 2022 at 6:24 pm

    The 2022 Mazda Miata remains the epitome of a two-seat, open-top roadster. Mazda has sold more than a million Miatas as of 2016, and it holds the title for the best-selling two-seat convertible sports car in automotive history. If you haven’t noticed, the MX-5 has no direct competition. The Toyota 86/Subaru BRZ is only available with a fixed hardtop roof, while the BMW Z4, Toyota Supra, and Porsche 718 are on a different level in terms of pricing. Setting The Original article: 2022 Mazda Miata Overview: Pricing, Trim Levels & New Kinematic Posture Control

  • Ringbrothers Unveil Beautiful 1969 Dodge Charger Restomod (Photo Gallery)
    by Carl Anthony on January 12, 2022 at 6:14 pm

    If Bumblee were a Charger and not a Camaro, this is what he would be! World-famous custom car builders Ringbrothers have unveiled this sweet 1969 Dodge Charger known as “CAPTIV.” The street-legal yellow beast is packing a 707 horsepower Mopar crate engine and a Tremec six-speed manual. CAPTIV is also filled with lots of cool Ringbrothers custom parts, including a bespoke steering wheel with a 3D-printed horn, carbon fiber hoops, and aluminum spokes.  Murphy’s Monster The CAPTIV build was for Original article: Ringbrothers Unveil Beautiful 1969 Dodge Charger Restomod (Photo Gallery)