Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
Ally Financial Inc. is bringing $1.52 billion in asset-backed securities to market in a deal that’s expected to close Sept. 25. The deal is Ally’s second this year, and 23rd overall. Ally’s weighted Fico score increased to 749.6, up from 745.8, according to a Standard & Poor’s presale report. The weighted loan-to-value ratio increased to 97.8 from 95.8, and the percentage of used vehicles grew to 33.4%, up from 26.1%. As of June 30, Ally bank had 1.73 million retail contracts outstanding.
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
