Earnings
Credit tightening at CarMax Auto Finance paves way for ACL reduction
Ongoing credit tightening at CarMax Auto Finance paved the way for allowance for credit loss reductions as the lender’s portfolio...
CPS prioritizes servicing and collection efforts as DQs rise
Consumer Portfolio Services is focusing on building its servicing and collections practices as the company works to get ahead of...
Vroom repays Ally Financial, nears e-commerce wind-down completion
Vroom has paid the balance on its floorplan facility with Ally Financial, sold nearly all of its used-vehicle inventory, cut...
EV maker Workhorse seeks funding, cuts 20% of staff
Commercial electric truck manufacturer Workhorse has cut 20% of its staff and is working to shore up funding to maintain...
America’s Car-Mart completes LOS rollout
Buy here, pay here car dealer and financier America’s Car-Mart completed the rollout of its loan origination system in the...
Li Auto posts first yearly profit but sees challenges ahead
Li Auto Inc. swung to a profit last year after deep discounting to fend off rising competition in the Chinese...
Carvana originations nearly flat as credit tightens
Used-vehicle retailer Carvana’s loan originations ticked down in the fourth quarter following months of credit tightening as the company eyes...
Rivian, Lucid eye finance growth
EV manufacturers Rivian Automotive and Lucid Motors are expanding the scope of their finance arms as deliveries increased in the...
