Ally Financial offers relief as pandemic impact worsens
Ally Financial, one of the largest banks in auto lending with an $80 billion portfolio, has announced its support for ...
Tag: Coronavirus
Auction values uncertain amid market turbulence
As the impact of the COVID-19 pandemic continues to spread, vehicle auction companies are still determining how the virus will ...
OEM incentives trickle in as dealers feel sales pressure
Dealers are feeling the pressure of lower sales volumes in March as the negative impact of the COVID-19 pandemic slows ...
Pandemic spurs online-only auction sales at Manheim
Manheim, the auto finance industry’s hub for dealer auction sales, is shuttering its physical auction lanes through April 3 due ...
The Fed and friends: What central banks did in past 24 hours
The U.S. Federal Reserve began the week early, launching a series of stimulus measures on Sunday evening, and it wasn’t alone as ...
Access to funds dampened by coronavirus unease
Nonbank auto lenders, such as captives and independent financiers, will likely find it harder to secure additional liquidity from capital ...
Is the coronavirus remedy digital?
Auto lenders have been steadily beefing up direct lending initiatives, and the new coronavirus might put their efforts to the ...
Investors clamor for the Fed to slash rates to zero
All of Wall Street’s eyes are on Washington again, but only Federal Reserve Chairman Jerome Powell is catching its gaze. ...
