Capital & Funding
RumbleOn secures $75M used inventory credit facility with JP Morgan
Online powersports marketplace RumbleOn has secured a $75 million used powersports inventory financing credit facility with J.P. Morgan. The $75...
AmeriDrive begins purchasing vehicles for HyreCar platform
Mobility-as-a-service company AmeriDrive Holdings has begun purchasing vehicles to list on the HyreCar platform following the September closing of a...
OCCU enters auto ABS market with $275M deal
Oregon Community Credit Union (OCCU) is set to issue its inaugural auto asset-backed securities (ABS) deal this month, marking the...
Agora Data obtains $100M credit facility from Credit Suisse
Auto fintech Agora Data closed a $100M long-term revolving credit facility last week with investment bank Credit Suisse as it...
Carvana reduces floorplan line with Ally Financial
Automotive retailer Carvana reduced its wholesale inventory floorplan line of credit with Ally Financial to $2.2 billion in the pair’s...
August marks third month of rising ABS delinquencies
August marked the third consecutive month of weakening credit performance across prime and subprime auto asset-backed securitization (ABS) transactions as...
Ford selloff deepens after warning of $1 billion in extra costs
Ford Motor Co. tumbled the most in seven months after saying inflation is pushing supplier costs $1 billion higher than...
Porsche blockbuster deal gives dormant Europe IPO market a jolt
Volkswagen AG’s mega listing of its Porsche AG unit has raised hopes of a late-year resurgence in European initial public...
