Vehicle Sales
AFN Composite Index
Consumer Sentiments
SOFR
APR 48 Mos.
Online car retailer Carvana saw soaring finance gross profit per unit (GPU) and origination volume during the COVID-19 pandemic, fueled by a shift to e-commerce. Carvana’s finance GPU increased 43% year over year to $1,400, according to the company’s fourth-quarter earnings statement. The retailer securitized $405 million in principal balances during the fourth quarter, contributing […]
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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
