Tag: Carvana

This week, the potential bankruptcy news of rental car conglomerate Hertz shook the industry as the liquidation of its fleet, ...

Carvana has pumped the brakes on its stand-alone consumer vehicle purchase program and tightened credit standards for originations, Chief Executive ...

Ally Financial has set aside $2.8 billion in retail auto reserves, a $1.8 billion year-over-year increase, as the COVID-19 crisis ...

The auto finance sector has been pressured from all sides since COVID-19 took root in the U.S. With vehicle production ...

Editor's note: This article first appeared in the April edition of the magazine, available now. After a decade of exponential ...

American Honda Finance Corp.’s heavy reliance on capital markets for funding and liquidity could spell trouble for the captive as ...

Online used-car retailer Vroom is expanding its finance capabilities via two separate partnerships with the largest auto lending banks in ...

Ally Financial has doubled used-car retailer Carvana’s line of credit to $2 billion over the next year, the companies announced ...