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Online used-car marketplace Shift Technologies has secured a $100 million floorplan facility from Ally Financial, effectively ending the company’s search for a new wholesale lender after its former floorplan line with U.S. Bank expired in October. The new line with Ally is double what U.S. Bank offered, Shift Chief Executive Oded Shein said in a […]
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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
