Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
Nearly one-third of used-vehicle loans in the second quarter this year carried loan-to-value ratios of 140% or higher, potentially trapping car buyers in a cycle of negative equity at trade-in. Lenders that are financing at LTVs that high will “get a lot of voluntary repossessions,” George Fussell, chief executive at Pompano Beach, Fla.-based subprime lender […]
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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
