Capital & Funding
TrueCar Files IPO, Discloses Plans for Lending Tools
Online auto-shopping service TrueCar Inc. filed for an initial public offering on April 3. The company, which focuses on new...
Tax Refunds Will Boost Auto ABS, Fitch Says
Tax day this year might not be the bear it usually is. At least to some auto finance industry folks....
GM Financial Said to Be Readying $705M Lease Securitization
GM Financial is premarketing a potential $705 million auto lease asset-backed securitization, according to Thomson Reuters. A GMF spokeswoman would...
Did Ally’s CEO Deserve Nearly $10 Million in 2013?
Much has been made about the $0 salary of Ally Financial Inc. CEO Michael Carpenter over the last few years....
Citigroup and Toyota Go Green
The car industry often clashes with the environmental lobby. Citigroup and Toyota, Financial Services though, are looking to change that...
GemCap Funds $5 Million BHPH Facility
Asset lender GemCap funded a $5 million revolving credit facility for an undisclosed buy-here, pay-here auto dealership. The dealership has...
Fitch Says Asset Quality Will Go Down
Though Fitch Ratings expects the outlook for most individual auto lenders to be “stable,” the agency has assigned a “negative”...
Kroll: Auto Loan Debt Returns to 2007 Levels
U.S. auto loan debt grew $31 billion last quarter, accounting for nearly 25% of the overall consumer debt increase in...
