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With its wholesale finance captive in place, American sportbike manufacturer EBR Motorcycles is now on the hunt for a retail financier, said Steve Smith, the OEM’s chief executive.
“We are talking with a few folks right now,” he told Powersports Finance. Currently, “a lot of our deals are done through local banks and credit unions.” The manufacturer anticipates having a retail financier in place by the next quarter, he added.
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
