June 22, 2024
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CarMax Auto Finance launches its first nonprime securities offering

CarMax Auto Finance launched its inaugural nonprime auto asset-backed securitization deal on June 18, following a trend of subprime issuances dominating total auto ABS volume in May. The $625 million ABS transaction was issued by CarMax Auto Finance (CAF), as reported by Finsight, a securities monitoring firm. CAF has entered the market with… FAQ 1.

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Become a Drift King with Caterham’s Drift Experience

Explore further… FAQ What are the benefits of this product? Is there a warranty included? How can I purchase this item? Conclusion In conclusion, this product offers a wide range of features and benefits that make it a great choice for consumers looking for quality and durability. With its sleek design and advanced technology, it

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New VWFS Fleet Tool Aims to Boost Electric Vehicle Adoption

Credit: Shutterstock.com Volkswagen Financial Services (VWFS) fleet has introduced a tool to assist drivers in incorporating electric vehicles (EVs) into their everyday routines. This initiative is aimed at promoting EV adoption among businesses, in line with the ZEV mandate and the 2035 ban on new internal combustion engine (ICE) vehicles. The free EV4ME online tool,

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Urban sprawl in action: A single-car garage sold for $332,000

Picture: realestate.com.au A solitary parking space in Sydney, Australia, recently changed hands for half a million Australian dollars, equivalent to $332,000. Indeed, it’s just a parking spot. The exorbitant prices mirror the strong demand for parking in sought-after urban areas and a shortage of standalone garages. A local real estate agent informed Yahoo Finance that

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CAF aims to expand presence in nonprime market

CarMax Auto Finance is looking to expand its presence in lower credit tiers due to ongoing affordability challenges that have impacted sales and originations. During the first quarter of fiscal year 2025, CarMax Auto Finance (CAF) saw a 3.2% year-over-year decrease in origination volume, with $2.3 billion originated by the end of May 31. FAQ

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Tesla inadvertently leaves toddler trapped in hot car after battery dies in extreme heat

An electric vehicle trapped a young child inside due to a dead 12-volt battery this week, leading Arizona firefighters to rescue the child. The Hype Behind Tesla Stock Success In 2023 The incident occurred in Scottsdale, Arizona, where temperatures exceeded 100 degrees all week. Renee Sanchez and her 20-month-old granddaughter were en route to the

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Switching to EV could save motorists up to £7,000

In 55% of the scenarios, the additional cost of an EV would be recovered within two and a half years, while in 30% of cases, savings can be realized immediately or in under a year. Credit: Owlie Productions/Shutterstock. UK drivers who choose an electric vehicle (EV) over a petrol model could potentially save up to

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Purchase a Sleek Tesla Cybertruck If You Want to Be Universally Disliked

The Tesla Cybertruck is arguably the most attention-grabbing vehicle currently in the market with its unconventional design and stainless steel exterior, but what if you desired something even more conspicuous (in a negative way)? Well, now is your opportunity to do just that, because I’ve just come across the most eye-catching Cybertruck to date. Up

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Cyberattack causes chaos for car dealers in $1.2 trillion market

A car dealership in Phoenix is manually filling out paper contracts and estimating creditworthiness with intuition. An individual with a Jeep in Alabama is repeatedly inquiring about the availability of a replacement component. A household in New Jersey is eagerly anticipating information on when they can receive their new Audi. This is the reality for

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Next Month, Prepare for the Arrival of the C8 Chevrolet Corvette ZR1

Image: Chevrolet With the Chevy Corvette, what is is never enough. When the C8 was introduced, fans demanded the Z06 model. Subsequently, the Z06 arrived, sparking interest in the hybrid E-Ray. Now that the E-Ray has been released, all eyes are on the revered ZR1. Best Corvette Generations, According to Bob Following several teasers and

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