Can leases cure the car-buying market?
With April vehicle sales in free fall, carmakers have been playing the 0% financing card, offering interest-free payments for as ...
Tag: Premium
American Credit Acceptance faces pressure in ABS deal
American Credit Acceptance’s latest subprime asset-backed securitization provides a glimpse into the pricing pressure lenders face when leveraging capital markets ...
Honda North America powersports sales surge 30%
Honda Motor Co.’s North America powersports sales — which include motorcycles, ATVs, and side-by-sides — had a strong year, ratcheting ...
Hertz bankruptcy risk could flood used market
All of Hertz’s $6.04 billion outstanding asset-backed lease securitizations were downgraded by Fitch Ratings today, further spurring concerns that the ...
SoftBank-backed Fair taps new CEO
Leasing app Fair is starting fresh with a new chief executive roughly six months after lead investor SoftBank forced the ...
Carvana tightens credit as wholesale profits drop 60%
Carvana has pumped the brakes on its stand-alone consumer vehicle purchase program and tightened credit standards for originations, Chief Executive ...
DOT needs to start another ‘cash for clunkers’ program
At the height of the credit crisis, the federal government introduced a program to save the auto industry. The program ...
Leveraging Liquidity: Lenders brace for the coronavirus recession [Feature]
Auto financiers are bracing for the rocky road ahead as vehicle sales plummet, consumer demand tanks and expected credit losses ...
