Tag: Carvana

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 ...

Auto lenders are using a new, digital, wholesale sales platform to liquidate their off-lease inventory and repossessions, Bruce Thompson, chief ...

Carvana will adopt a two-shelf securitization structure in 2020, said Chief Financial Officer Mark Jenkins during the company’s Feb. 26 ...