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Santander Consumer USA registered with the Securities and Exchange Commission to sell more than 14 million shares — 4% — of its outstanding stock. As of the Aug. 13 SEC filing, SCUSA’s share price was $17.82. An industry analyst who follows SCUSA told Auto Finance News that registration requirements for significant shareholders are fairly customary. If SCUSA ultimately sells all the registered shares, the event would be “very surprising,” the analyst said.
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
