New equipment finance business was estimated to be $9.7 billion in April 2023, a decline of 8% from April 2022, according to the Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25)….

Frontdoor, the largest provider of home service plans (HSP) in the United States, recently announced their retention rates rose to an all-time high of 75.7%. Renewals are a critical part of the Company’s HSP business model,…

Stellantis announced offering buyout packages to employees to reduce operational expenses to help fund EV growth plans. The company plans to reduce nearly 3,500 employees by offering packages worth up to $50,000 depending on seniority….

Across the globe, manufacturing plants continue to cut production on vehicles due to continued microchip shortages. Year-to-date, over 1 million vehicles have been eliminated from production plans, just over one-third of the 2.8 million vehicles…

The Vehicle Service Contract industry reached an estimated $40.2 billion in 2022, with the DTC segment representing approximately 9.5% of the industry ($3.8 billion). Increases in average VSC price, product penetration, and the continued expansion…