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APR 48 Mos.
Ongoing credit tightening at CarMax Auto Finance paved the way for allowance for credit loss reductions as the lender’s portfolio grew in the fiscal fourth quarter. Allowance for credit losses (ACL) on the captive’s $17.4 billion auto loan portfolio landed at 2.78% of the portfolio for the fiscal fourth quarter of 2024 ended Feb. […]
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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
