Q2 auto sales remain strong despite interest rate headwinds
Auto sales jumped in the second quarter despite a lack of incentives coming into the July 4 holiday, with nearly...
Fifth Third scales back indirect auto lending
Fifth Third is pulling out of indirect auto lending in select western states on the heels of declining auto originations. ...
Carvana cost of funds rises as expected losses increase
Cost of funds for Carvana’s first nonprime asset-backed securities deal since March 2022 increased as expected cumulative loss levels rose...
Spring Free EV to grow fleet with $31M series A round
Fintech Spring Free EV secured $31 million in series A funding recently that will allow the startup to double the...
Tenet’s $20M warehouse line with SVB in jeopardy
The future of EV financing startup Tenet’s $20 million warehouse line with Silicon Valley Bank is at risk following the...
18K NMAC account numbers compromised in third-party data breach
Nearly 18,000 Nissan Motor Acceptance Company account numbers were compromised in a third-party data breach last year, prompting the company...
Bruce Jackson set to succeed Mahesh Aditya as SCUSA CEO
Bruce Jackson is set to become chief executive of Santander Consumer USA in March 2023, the company announced Thursday. Bruce...
Ally Financial downplays Carvana risk
Carvana's stock might be in freefall, but the company still has at least one fan: Ally. Ally Financial Chief Executive...
