Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
Spreads on AAA-rated bonds in Consumer Portfolio Services’ (CPS) fourth auto asset-backed securities transaction of the year — a $349.2 million deal backed by subprime receivables — have widened compared with its previous transactions this year as the cost of funds in the secondary market begin to increase. Irvine, Calif.-based CPS has securitized about $1.1 […]
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
