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Pagaya auto run rate rises 10% to $2.2B
Pagaya Technologies’ auto book grew in the third quarter as it secured more money to grow originations in a reflection...
Podcast: CarMax replaces CEO, EV makers report Q3 growth as car sales mixed
Auto retailers and fintechs mostly reported growth in the third quarter amid mixed October retail sales and some layoffs. CarMax...
Marine dealers report October sales decline
Retail marine sales continued to wane in September and October alongside declining wholesale RV values as powersports segments enter their...
Tricolor’s frantic end was sparked by a phone call from JPMorgan
Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his fortune on,...
Prestige Financial Services reportedly lays off some staff
Lender Prestige Financial Services reportedly laid off several employees in early November, according to posts from former employees. The Draper,...
Toyota sales climb 11.8% YoY in October, Mazda’s sales plummet 32.6%
Automakers saw mixed sales across internal combustion engine vehicles and EVs in October, the first month since the elimination of...
Used-vehicle values flat as auto interest rates rise in October
Auto lenders are tightening their risk parameters, a dynamic that could slow down sales for some market segments and contribute...
Open Lending certified loans fall 13%
Open Lending’s certified loan volume decreased in the third quarter as the automation fintech tightened underwriting and prepared to roll...
