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Loan approval rates are down across the powersports sector despite higher origination volumes as affordability concerns and rising consumer debt hamper deals. Lenders are seeing “more applications come across” directly through financier branches and indirectly through dealers but the deals “aren’t getting funded,” Tony Altieri, vice president of business development at National Powersport Auctions (NPA), […]
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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
