Capital & Funding
Auto fintech investment surges 70% in 2024
Venture capitalists pumped $2.3 billion of capital into auto fintechs in 2024, up $1 billion year over year and just...
Lendbuzz issues first 2025 securitization, eyes growth
AI-based auto lender Lendbuzz this week issued its first asset-backed securitization deal of 2025 as the financier looks to diversify...
SAFCO inks $100M Deutsche Bank facility, extends CapOne agreement
Indirect subprime lender Southern Auto Finance Co. inked a $100 million warehouse facility with Deutsche Bank this week and extended...
NextGear extends flexible floorplan pricing
Floorplan financing provider NextGear Capital is expanding its flex pricing program to include vehicles beyond those purchased at Manheim auctions...
Losses rise across prime, nonprime securitized loans
Credit performance across securitized prime and nonprime auto loans weakened at the end of 2024 as loans originated in 2022...
Carvana extends loan sale deal with Ally, refuting short report
Carvana Co. said it has reestablished an agreement with Ally Financial Inc. to sell the lender up to $4 billion...
JPMorgan remains bullish on Carvana, found ‘no red flags’
JPMorgan has reiterated its stance on Carvana following a report from short-seller Hindenburg Research that raised concerns regarding the retailer’s...
Hindenburg shorts Carvana, accusing firm of ‘grift for the ages’
Carvana Co. was accused by prominent short-seller Hindenburg Research of impropriety in a report alleging that the auto retailer’s subprime...
