Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
PenFed Credit Union‘s auto originations jumped in the second quarter amid what the lender says are competitive rates and strong consumer demand. The credit union originated $1.3 billion in auto loans through June 30, up 49% year over year, according to a July 29 company press release. Total consumer lending YTD rose 15% YoY, or $490 million, across all product lines. PenFed offers auto loans […]
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
