Interest rates, inflation and the Fed: 3 key themes at the Auto Finance Summit
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
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
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%
Subprime lender Credit Acceptance Corp. (CAC) logged a 22% year-over-year jump in consumer loan assignments on a dollar basis and...
4 key takeaways from the Auto Finance Innovation, Risk summits
Navigating the uncharted territory of pandemic repercussions has been tricky for auto financiers, OEMs, dealers and industry analysts. While supply...
Carvana finance arm remains bright spot despite debt funding struggles
Carvana’s finance arm remains well positioned for capital market funding despite the retailer’s struggle to sell a $3.3 billion debt...
Private equity firm to acquire CDK Global for $8.3 billion in take-private transaction
Private equity company Brookfield Business Partners has entered into a definitive agreement to acquire CDK Global for $8.3 billion in...
Ford Credit logs $7.5B in distributions in 2021
Elevated auction values and credit reserve releases contributed to strong earnings before taxes (EBT) at Ford Credit and increased distributions...
