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Bloomberg News
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Hertz bankruptcy risk could flood used market

All of Hertz’s $6.04 billion outstanding asset-backed lease securitizations were downgraded by Fitch Ratings today, further

  • Nicole Casperson and Joey Pizzolato
  • May 12, 2020

Byrider offers incentives to first responders

Byrider, a buy-here pay-here auto lender, has unveiled an incentive program for first responders, including paramedics,

  • Joey Pizzolato
  • May 12, 2020

SoftBank-backed Fair taps new CEO

Leasing app Fair is starting fresh with a new chief executive roughly six months after lead

  • Nicole Casperson
  • May 11, 2020

Carvana tightens credit as wholesale profits drop 60%

Carvana has pumped the brakes on its stand-alone consumer vehicle purchase program and tightened credit standards

  • Nicole Casperson and Joey Pizzolato
  • May 11, 2020

DOT needs to start another ‘cash for clunkers’ program

At the height of the credit crisis, the federal government introduced a program to save the

  • JJ Hornblass
  • May 11, 2020

Leveraging Liquidity: Lenders brace for the coronavirus recession [Feature]

Auto financiers are bracing for the rocky road ahead as vehicle sales plummet, consumer demand tanks

  • Nicole Casperson and Joey Pizzolato
  • May 8, 2020

Weekly Wrap: COVID-19 economy puts pressure on residual values [Video]

The coronavirus economy and weaker consumer demand have created substantial risk for used vehicles as large

  • Nicole Casperson
  • May 8, 2020

Ford Credit ABS increases excess spread to pad losses

Ford Motor Credit increased its excess spread by 42 basis points in its latest asset-backed securitization

  • Nicole Casperson
  • May 7, 2020

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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