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RumbleOn is preparing to sell its loan portfolio to an undisclosed buyer as the powersports retailer looks to restructure its debt. The Irving, Texas-based company signed a letter of intent to sell its RumbleOn Finance portfolio to whittle down debt, Steve Pully, a member of the company’s board of directors, said on RumbleOn’s second-quarter earnings […]
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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
