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The State of Subprime Auto Finance: Challenges & Opportunities in 2024
The auto finance market is at a critical juncture, with affordability concerns, negative equity, and rising delinquencies reshaping consumer and lender dynamics. For business owners in the auto finance and dealership sectors, understanding these shifts…
Rising Warranty Costs: A New Era of Opportunity?
Several leading U.S. equipment manufacturers are experiencing rising warranty costs, but are reducing warranty accruals on their financials (less set aside for future claims). However, companies like Paccar report growth in amortized revenue from extended…
Auto Sales Surge Fuels Demand for Smarter Reconditioning Software Solutions
Cox Automotive’s latest forecast reveals U.S. auto sales are expected to grow by 2.2% in 2024, reaching 15.8 million units—a clear sign of sustained market momentum. With used-vehicle sales projected to rise another 1% in…
Advancing EV Affordability
The EV market is undergoing transformative changes that promise to make electric vehicles more accessible to a broader consumer base. GM Energy’s introduction of the PowerBank, a home energy storage solution, showcases how integrating EVs…
Landmark Merger in the Digital Twin Space: Siemens Acquires Altair Engineering
On October 30, Siemens announced its acquisition of Altair Engineering for $10 billion, the second-largest deal in the Digital Twin and industrial simulation market. With valuation multiples of 14x revenue and 31x Adjusted EBITDA, this…