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Home Loan Investment Bank’s [HLIB] powersports dealer network is closing in on 120 dealers, after adding 50 dealers at the end of May, said Mike Dikdan, the bank’s vice president of auto lending.
Warwick, R.I.-based HLIB partnered with Octane Lending — an indirect lending platform provider that pairs dealers with lenders — in December 2015, and has since onboarded dealers in phases. The most recent batch of 25 dealers were added in April.
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
