Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
Consumer Portfolio Services’ cost of funds through the auto asset-backed securities market hit record lows in the first quarter as credit performance remains strong and origination volume increased sequentially for the subprime lender. Blended cost of funds on the company’s January $230.5 million deal hit 1.11%, the lowest in company history and “relatively unheard of,” […]
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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
