Tag: Premium

CarMax Auto Finance’s originations fell in the company’s fiscal third quarter amid rising inventory prices and slowing demand from some customer segments.   CarMax Auto Finance (CAF)’s originations decreased 9.3% year over year to $1.8 billion in ...

An indictment unsealed today for Tricolor former Chief Executive Daniel Chu and Chief Operating Officer David Goodgame reveals Tricolor’s alleged ...

Ford Motor’s costly restructuring plans that include refocusing its long-term investment in EVs are not expected to affect the company’s ratings, but might signal a wider industry shift toward hybrids, internal combustion engine vehicles and more affordable ...

Lease equity has turned negative for the first time in five years, likely prompting an uptick of lease returns to the wholesale used-vehicle market.  The Cox Automotive Lease Equity (CALE) trends metric stood at negative $389 in November ...

It was, according to Daniel Chu, “the stupidest f—-ing thing ever heard.” That’s how the Tricolor Holdings founder, in a ...

US prosecutors charged the founder of bankrupt subprime auto lender Tricolor Holdings with conspiring to defraud lenders and investors, in ...

America’s Car-Mart issued its first auto asset-backed securitization transaction following structural changes announced during the company’s fiscal second-quarter earnings.   On Dec. 11, America’s Car-Mart (ACM) came to market with a $161.3 million subprime auto asset-backed securitization (ABS) transaction, according to CreditFlow, ...

Vehicle repossessions are growing year over year amid affordability concerns and confusion over the shutdown of several auto lenders. National ...