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Bloomberg News
  • 11:18 am

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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

  • Amanda Harris
  • February 23, 2024

PNC Financial appoints new president and other staff moves

PNC Financial appoints Lyons president Pittsburgh-based PNC Financial Services Group has named Michael P. Lyons president

  • Riley Wolfbauer
  • February 23, 2024

Rivian, Lucid eye finance growth 

EV manufacturers Rivian Automotive and Lucid Motors are expanding the scope of their finance arms as

  • Amanda Harris
  • February 22, 2024

Arivo CEO prioritizes AI, looks to boost efficiency 30%

Subprime lender Arivo Acceptance Chief Executive Landon Starr will continue to embrace technology while making structural

  • Riley Wolfbauer
  • February 22, 2024

Under the Hood: Tech complexity spurs enhanced risk measures

Advances in digitalization and machine learning are sparking a need for lenders to revisit operational risk

  • Marcie Belles
  • February 22, 2024

Westlake-backed Axis Auto Finance explores sale

Toronto-based non-prime lender Axis Auto Finance is eyeing a potential merger or sale of the company.

  • Riley Wolfbauer
  • February 22, 2024

The big miss on electric cars is remaking Europe’s auto industry

Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper

  • Bloomberg News
  • February 22, 2024

High used-vehicle prices put continued pressure on LTVs

Elevated vehicle prices have continued to put pressure on used-vehicle loan-to-value ratios. LTVs for used vehicles

  • Riley Wolfbauer
  • February 21, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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