Tag: Carvana

Timing is everything. Vroom priced an initial public offering this week, and shares shot up 118% to $47.90 each in ...

What a difference a few months make. Last year, subprime lenders outpaced banks, captives and credit unions at a rate ...

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 ...