Vehicle Sales
AFN Composite Index
Consumer Sentiments
SOFR
APR 48 Mos.
CarMax Auto Finance is feeling the squeeze of rising interest rates and compressed interest margins as the lender pads its provisions for credit losses amid a deteriorating used-car market. Income at the captive financier dropped 8.3% year over year to $152.2 million, largely due a decrease in net interest margin and a $9.5 million increase […]
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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
