Capital & Funding
Cost of funds increase in auto ABS market
Cost of funds is inching up in the asset-backed securities market after more than a year of record lows amid...
Vroom financing partners to remain intact following UACC acquisition
Vroom’s third-party financing partnerships will remain in place following its acquisition of subprime lender United Auto Credit Corporation, which will...
Axis Auto receives $12.3M investment from Westlake-driven fintech
Axis Auto Finance is improving its direct digital loan origination process in the Canadian market through a $12.3 million investment...
![Toyota to Raise Markup Caps Following Early Termination of CFPB Consent Order [FULL DETAILS]](https://www.autofinancenews.net/wp-content/uploads/2018/05/3949070615_462d7da4b6_b.jpg)
Toyota to Build U.S. Battery Plant Under $3.4 Billion Plan
Toyota Motor Corp. plans to invest $3.4 billion in the U.S. through 2030 to establish a new company and build...
Vroom to acquire United Auto Credit for $300M
Online used-car retailer Vroom has entered into a definitive agreement to acquire subprime lender United Auto Credit Corporation in a $300...
Electric-vehicle manufacturer Volcon sees rocky start on second trading day following IPO
All-electric, off-road powersports manufacturer Volcon got off to a rocky start during its first two days of trading on the...
OneMain Financial issues $600M ABS deal
Subprime lender OneMain Financial has issued its first asset-backed securities (ABS) deal of the year, a $600 million transaction backed...
Polestar captive powered by Volvo Car Financial Services
Swedish electric-vehicle (EV) maker Polestar has revealed how its financing arm is structured on the heels of its merger with...
