Amanda Harris and Joey Pizzolato

A Mercedes-Benz EQC electric vehicle connected to a charger inside a Mercedes-Benz AG showroom in Berlin, Germany, on Tuesday, Feb. 24, 2022. Mercedes-Benz expects profitability at its main cars division to slip this year as the German manufacturer sees more drag from supply-chain snarls and a surge in raw-material costs. Photographer: Krisztian Bocsi/Bloomberg

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

by Amanda Harris and Joey Pizzolato

January 18, 2023

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

by Amanda Harris and Joey Pizzolato

December 23, 2022

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

by Amanda Harris and Joey Pizzolato

December 7, 2022

Carvana's stock might be in freefall, but the company still has at least one fan: Ally. Ally Financial Chief Executive...

Interest rates, inflation and the Fed: 3 key themes at the Auto Finance Summit

by Amanda Harris and Joey Pizzolato

October 25, 2022

LAS VEGAS — The auto finance industry is operating against a backdrop of uncertainty defined by rising interest rates, higher...

Out of the shadows: Exposing how credit repair schemes cost lenders billions

by Amanda Harris and Joey Pizzolato

October 3, 2022

Meet Shanae Cohen: Her name was created by a random name generator and her face made with an artificial intelligence...

Carvana Q2 originations grow 6.1% YoY

by Amanda Harris and Joey Pizzolato

August 5, 2022

Rising interest rates and wider credit spreads are putting the squeeze on Carvana’s financing business, even as origination volume and...

Credit Acceptance origination volume climbs 22%

by Amanda Harris and Joey Pizzolato

August 2, 2022

Subprime lender Credit Acceptance Corp. (CAC) logged a 22% year-over-year jump in consumer loan assignments on a dollar basis and...

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