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Features

Natalie Mattila

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Funding diversification, transparency, private credit discussions on tap at inaugural Auto Finance Capital Summit 

NASHVILLE, Tenn. — Auto lenders are diversifying their funding sources to include private credit, significant risk

GM to cut hundreds of white collar workers in IT overhaul

General Motors Co. plans to cut hundreds of salaried workers from its information technology ranks in

Mazda sales drop 17.3% YoY in April

Major automakers’ car sales fell year over year in April as higher prices and inflationary pressures

Space Coast Credit Union eyes second auto ABS deal as originations rise 

Space Coast Credit Union is planning to issue a second auto asset-backed securitization deal after growing

Westlake issues $1.5B subprime ABS deal (Big Wheels)

Subprime auto lender Westlake Financial came to market May 6 amid an industrywide year-to-date increase in

Pagaya auto run rate up 109% YoY 

Pagaya Technologies’ auto volume climbed to a record high in the first quarter as it further

Sonic Automotive accelerates powersports push with Harley-Davidson acquisitions

Sonic Automotive expanding its footprint in the powersports sector through the acquisition of five Harley-Davidson dealerships.

Used-vehicle values rise 1.8% 

Used-vehicle values rose in April as tax refunds supported sales and prices followed seasonal patterns. The

Credit Union Auto Lending Surges

David Thompson

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