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Carvana is reducing its workforce by 2,500 employees in an effort to better align staffing and expenses with sales volume, the company announced today in a filing with the U.S. Securities and Exchange Commission. The cuts represent about an 11.9% reduction in workforce, according to an Auto Finance News analysis of regulatory filings. As of […]
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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
