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Repossession agencies are seeing a return to about 60%-70% of pre-pandemic volumes, but are preparing for a surge in volume in 30 to 45 days as loan assistance programs end and delinquency rates likely increase, Les McCook, executive director for the American Recovery Association, told Auto Finance News. Repo rates could increase by as much […]
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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
