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Larissa Padden

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SAFCO inks $100M Deutsche Bank facility, extends CapOne agreement 

Indirect subprime lender Southern Auto Finance Co. inked a $100 million warehouse facility with Deutsche Bank

California wildfires contribute to auto insurance hikes, deferrals 

Wildfires are contributing to a spike in auto insurance rates in California and payment deferral options

ThunderRoad Financial eyes $100M in 2025 deals 

Powersports lender ThunderRoad Financial is eyeing multiple forward-flow agreements in 2025 amid larger efforts to revamp

NextGear extends flexible floorplan pricing 

Floorplan financing provider NextGear Capital is expanding its flex pricing program to include vehicles beyond those

Manheim used-vehicle values rise 0.4% YoY 

December wholesale used-vehicle values rose from 2023 but declined sequentially following year-over-year price declines in every

NMAC eyes completion of receivables system in FY 2025 

Nissan Motor Acceptance Co. this year plans to complete the integration of a new loan and

Ally to end mortgage originations, cut jobs across company

Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card

Share of 1- to 5-year-old used cars under $20K climbs to 20% 

Declining used-vehicle prices contributed to a rise in the volume of 1- to 5-year-old models priced

Credit Union Auto Lending Surges

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