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AFN Composite Index
+7.00%
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APR 48 Mos.
Subprime loan performance weakened as demand rose in the second quarter, while prime performance was steady. The American Financial Services Association (AFSA)’s subprime loan performance Net Increasing Index (NII) fell to negative 41.4 in Q2, its lowest reading in six quarters and fourth consecutive negative result, according to the association’s Consumer Credit Conditions Index Survey. […]
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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
