Wheels & deals: Inside pandemic car buying [Feature]
With dealerships’ doors closed during the pandemic, many consumers have been forced to opt for online shopping and home delivery ...
Tag: Carvana
Vroom and Carvana: A tale of two IPOs
Timing is everything. Vroom priced an initial public offering this week, and shares shot up 118% to $47.90 each in ...
How subprime lenders face the coronavirus economy
What a difference a few months make. Last year, subprime lenders outpaced banks, captives and credit unions at a rate ...
Weekly Wrap: COVID-19 pressures used market, ABS deals [Video]
This week, the potential bankruptcy news of rental car conglomerate Hertz shook the industry as the liquidation of its fleet, ...
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 ...
Ally Financial allots $3B for credit losses, defers CECL
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 ...
Subprime stocks drop $7B in market cap since March
The auto finance sector has been pressured from all sides since COVID-19 took root in the U.S. With vehicle production ...
COVID-19: Auto finance faces the global pandemic [FEATURE]
Editor's note: This article first appeared in the April edition of the magazine, available now. After a decade of exponential ...
