BlackRock, Knighthead among Carvana’s other creditors
The future of Carvana rests with investment firms including BlackRock, Ares Management and Knighthead Capital Management, as well as Apollo...
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Used-vehicle values drop 14% YoY
Used-vehicle values declined 14.2% year over year in November, marking the third consecutive month of YoY decreases as values continue...
Carvana plunges as Apollo-Pimco creditor truce creates stock doubts
Carvana Co. plunged on Wednesday as Wall Street’s pessimism spread on its shares after the online car dealer’s largest creditors...
Q&A with CCC Intelligent Solutions VP of Lender Services Rick Evans
Software as a service (SaaS) provider CCC Intelligent Solutions (CCC) provides auto claim solutions to insurance carriers, automotive manufacturers, collision...
FCC rules ringless voicemails are subject to TCPA
The Federal Communications Commission (FCC) last month made clear that ringless voicemail messages are considered a call and are subject...
Inovatec partners with Clik2pay for lender debt collection
Cloud-based software solution provider Inovatec Systems has partnered with payment service provider Clik2pay, allowing Inovatec's clients to send collection links...
Credit union auto loan market share reaches 31%
Credit unions’ auto finance market share in the third quarter grew 8.23 percentage points year over year to 28.44%, surpassing...
Rising battery prices threaten to derail the arrival of affordable EVs
Falling battery prices have been one of the most consistent trends in the electric vehicle industry for the last decade....
Carvana ABS issuance volume down 55% YoY
Meteoric rises in the Federal Reserve’s benchmark interest rate and widening credit spreads in the auto asset-backed securities (ABS) market...
