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Big Wheels

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Podcast: Carvana VP of finance talks rate cuts, profitability, sales growth 

Carvana has lowered its interest rates as its profitability, sales and finance volume improve. The Tempe,

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America’s Car-Mart debt deadline extended to June 19

Buy here, pay here retailer America’s Car-Mart has received another extension to address its almost $900

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SOFR Index rises 4.1% YoY 

The Secured Overnight Financing Rate Index, which tracks the cumulative compounded effect of short-term funding costs

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PrimaLend faces second lawsuit over sale of failing BHPH portfolio

Buy here, pay here dealership Simple Auto is suing bankrupt lender PrimaLend Capital Partners, saying it

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Retailer West Marine closes 59 stores amid Chapter 11 proceedings

West Marine‘s Chapter 11 bankruptcy could result in as many as 95 shuttered locations, with 59

  • Johnnie Martinez II
  • June 15, 2026

Truist names Michael Lyons CEO to replace Bill Rogers 

Truist Financial named Michael Lyons its next president and chief executive officer effective Sept. 1, succeeding

  • Auto Finance News, AI-assisted
  • June 15, 2026

Credit Acceptance Corp. Names Joe Billante CFO 

Credit Acceptance Corp. has named Joe Billante chief financial officer to succeed Jay Martin. Martin will

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  • June 12, 2026

Extended terms driving refi applications

Specialty auto refinance lenders’ application volume has been rising as consumers extend their loan terms to

  • Aidan Bush
  • June 11, 2026

Credit Union Auto Lending Surges

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