Capital & Funding
Sierra Launches DriverUp in Pitch to Reinvent Auto Finance
It is not often that a company aims to turn auto finance into something else entirely, but that is exactly...
DriveTime Preps First Securitization Since CFPB Settlement
DriveTime has prepped its first securitization for 2015, a $265.1 million transaction, according to a presale report from Standard &...
CarFinance Offers First ABS Since Merger
CarFinance Capital LLC has come to market for the first time in 2015 with a $265.9 million securitization backed by subprime...
Credit Acceptance Securitization Deal Hits $300 Million
Southfield, Mich.-based Credit Acceptance Corp. is posting strong earnings for the fourth quarter of 2014 and boasting about a hefty...
First Niagara to Back Off Auto in 2015
First Niagara looks to be taking its foot off the gas on auto loans in 2015. During its fourth-quarter earnings call...
On the Horizon: Tougher Sales Environment and Pricing Pressure
A tough vehicle sales market and profit pressures are on the auto finance horizon. That was the message from a...
Daimler FS Expecting Best Year Ever
Daimler Financial Services recorded earnings before interest and tax of nearly €1.1 billion ($1.4 billion) through September 2014, up 14% from...
Praxis Finance to Focus on Southern States with $100 Million in Capital
Grapevine, Texas-based Praxis Finance has secured $100 million in capital and will use that funding to secure loans down south,...
