Watch: What will it take to prop up subprime auto originations?
Subprime origination volume in the third quarter of 2020 continues to lag behind 2019 levels, driven by tightened credit boxes ...
Tag: Carvana
Lenders eye 2021 expansion with new hires
The auto finance sector is on track for growth in 2021, if job listings are any indication. In fact, Auto ...
Carvana ratchets up finance GPU
Online retailer Carvana boosted its finance gross profit per unit (GPU) in the third quarter amid growing originations, largely due ...
Ally Financial boosts Carvana’s credit line, again
Ally Financial has once again added $1 billion to Carvana’s line of credit, putting the two companies’ purchase agreement at ...
Father, son used-car sellers get $5B richer in a day
Carvana Co. has yet to post a quarterly profit since going public in 2017, but it’s made Ernie Garcia II ...
Sink or swim: Covid pushes lenders toward online financing [Feature]
The coronavirus pandemic may be the catalyst that spurs lenders to dive into the untapped ocean of digital financing in ...
Weekly Wrap: Carvana, the refi market and compliance
This week, Carvana reported that it was maintaining its tighter credit underwriting policies, an emerging trend Auto Finance News first ...
Carvana maintains tighter underwriting
Carvana is “continuing to maintain significantly tighter” underwriting standards than before the pandemic, Chief Executive Ernie Garcia III said during ...
