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Profitability woes continue to prompt vehicle recovery agencies to shutter operations leading to longer recovery times amid rising repossession volumes. The compensation for repossession has remained unchanged for decades, Vaughn Clemmons, president of the American Recovery Association and recovery agency Automobile Recovery Bureau, told Auto Finance News. “We have a lot of agents that […]
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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
