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Overall auto credit availability improved in February, driven by increased subprime borrowing and more longer-term loans, despite a decline in loan approval rates. Auto lenders must balance making loans more affordable for struggling customers with ensuring those loans stay profitable, Arivo Acceptance Chief Executive Landon Starr told Auto Finance News. Subprime lenders have a responsibility […]
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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
