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Octane Lending’s latest endeavor with powersports retailer RideNow is in line with its efforts to support dealers in a challenged market without loosening credit. “When the credit environment is tight, the knee-jerk reaction would be, if you want to support a partner, you have to loosen credit,” Jon Vestal, Octane’s head of powersports and outdoor […]
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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...
Auto lenders are looking to strengthen relationships to bolster dealer profitability amid uncertainty, margin compression and shifting consumer behavior. Auto...
David Thompson
David Thompson
David Thompson
