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Joey Pizzolato
  • 2:10 pm

Auto Finance Technology sponsored by InformedIQ

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Credit Acceptance delays quarterly SEC filing due to COVID-19

Credit Acceptance Corp. has suspended its first-quarter earnings report due to the “adverse impact” the COVID-19

  • Nicole Casperson and Joey Pizzolato
  • April 21, 2020

Ally Financial allots $3B for credit losses, defers CECL

Ally Financial has set aside $2.8 billion in retail auto reserves, a $1.8 billion year-over-year increase,

  • Nicole Casperson and Joey Pizzolato
  • April 20, 2020

GM renews $2B credit line for GM Financial

General Motors has renewed its $1.95 billion, 364-day revolving credit facility for the “exclusive” use of

  • Nicole Casperson
  • April 20, 2020

Wholesale used-vehicle values plummet in early April

The Manheim used-vehicle value index plummeted 11.8% for the first 15 days of April compared to

  • Joey Pizzolato
  • April 20, 2020

GM, Ford credit arms may lose billions on used-car price plunge

General Motors Co. and Ford Motor Co.’s finance arms likely face multibillion-dollar losses linked to the

  • Bloomberg News
  • April 20, 2020

Citizens, US Bank stock coffers for expected losses

Citizens Bank and U.S. Bank are the latest financial institutions to set aside additional capital in

  • Nicole Casperson and Joey Pizzolato
  • April 17, 2020

Ford raising $8 billion of junk bonds after virus spurs loss

Ford Motor Co. is taking its first drive through the high-yield market in years, looking to

  • Bloomberg News
  • April 17, 2020

Top 3 states exposed to credit losses

Auto lenders with the highest volume of loans outstanding in California, Texas and Florida are the

  • Nicole Casperson and Joey Pizzolato
  • April 17, 2020

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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