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Loan terms fell to an eight-year low in October across deep subprime auto asset-based securities (ABS) transactions in tandem with a dip in loan balances as lenders tightened their underwriting standards in preparation for recessionary economic conditions. Loan balances across nearly every credit segment, excluding deep subprime loans, have risen from 2019 to October along […]
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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
