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As two subprime lenders are pausing or shuttering business, lenders say the success gap between small- and large-scale lenders may continue to widen. Subprime lender and retailer Tricolor Auto Acceptance filed for bankruptcy on Sept. 10, after subprime lender Automotive Credit Corp. indefinitely paused all originations Aug. 7. The recent closures are prompting lenders to […]
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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
