Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
CarMax Auto Finance increased its credit loss provisions in its fiscal year 2024 first quarter due to “unfavorable” portfolio performance while originations decreased on a year-over-year basis amid softening sales. Provisions for credit losses rose 40% YoY to $80.9 million in the first quarter ended on May 31, up compared with $57.8 million in the […]
Already subscribed? Log in
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
