Capital & Funding
EV maker Lucid surges on $1B lifeline from Saudi investor
Lucid Group Inc. is getting a $1 billion cash injection from its biggest investor, an affiliate of Saudi Arabia’s Public...
Lendbuzz scores forward flow arrangement with alternative asset manager
Lendbuzz signed an additional forward flow partner this week as the lender continues to diversify its funding strategy amid targeted...
Agora Data prioritizes captive finance offering
Agora Data is increasing its focus on its captive finance offering for independent and franchise dealerships as liquidity remains top...
Oversupply of buy here, pay here loans pressures pricing
An oversupply of performing loan portfolios for sale from buy here, pay here dealers coupled with a decrease in potential...
Carvana growth potential ‘significant’
Carvana’s earnings are expected to continue on a positive trajectory in the first quarter, driven by operational efficiency improvements and...
EVs pose higher residual value risk in auto ABS
Electric vehicles are giving lenders pause when it comes to auto asset-backed securitization issuance due to increased residual value risk. ...
Lower prices, rising repo costs contribute to falling recoveries
Securitized auto loan recoveries aren’t likely to improve in the coming months as used-vehicle values decline and repossession costs rise....
Troubled EV maker Fisker said to be in talks with Nissan
Fisker Inc. is in talks with Japan’s Nissan Motor Co., people familiar with the matter said Friday, as the electric...
