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AI-based auto lender Lendbuzz has tightened its credit standards and pulled out of certain credit segments in an effort to manage losses. “In the nonprime space, delinquencies have picked up more than prime, and as a result the platform says to tighten credit,” the lender’s Chief Executive Amitay Kalmar said last week during Auto Finance […]
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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
