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Risk Management

Brad Bergan

Auto Finance Technology sponsored by InformedIQ

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CIT supplies Utopia Deals with $35M revolving credit facility

CIT’s asset-based lending business has inked an agreement with global retailer Utopia Deals to supply the

BlackRock, Knighthead among Carvana’s other key creditors

The future of Carvana rests with investment firms including BlackRock, Ares Management and Knighthead Capital Management,

Carvana website traffic declines 17% in November

Consumer interest in Carvana’s offering has declined as inflationary pressures push down consumer confidence and the

Santander’s Virnitia Dixon headlines DEI Luncheon at AFS East

The Auto Finance News team is pleased to announce that Virnitia Dixon, chief diversity officer at

Trinity Capital enters joint venture with specialized credit manager

Trinity Capital has entered into a joint venture agreement with an unnamed specialist credit manager with

New-vehicle financing reaches record high

The average amount financed on new-vehicle purchases climbed to a record high in the third quarter

Ally Financial downplays Carvana risk  

Carvana‘s stock might be in freefall, but the company still has at least one fan: Ally.

Used-vehicle values drop 14% YoY

Used-vehicle values declined 14.2% year over year in November, marking the third consecutive month of YoY

Credit Union Auto Lending Surges

David Thompson

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