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Vroom’s third-party financing partnerships will remain in place following its acquisition of subprime lender United Auto Credit Corporation, which will establish an integrated captive finance arm as the retailer looks to expand its full-spectrum options and improve loan decisioning. Vroom has existing third-party financing partnerships with Ally Financial, Capital One Auto Finance, Santander Consumer USA, […]
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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
