Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
Truist Bank’s indirect auto portfolio inched up at the close of 2021 as yields on indirect auto loans and indirect powersports loans declined. Indirect auto outstandings clocked in at $26.4 billion, a 1% increase year over year but a 1.9% sequential decline, according to the bank’s fourth-quarter earnings supplement. Truist posted YoY increases in its […]
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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
