Asbury Automotive considers captive finance business launch

Vroom also announced a potential expansion into proprietary lending

© Can Stock Photo / Paha_L

Georgia-based retailer Asbury Automotive is looking to build a captive finance business to expand further into subprime. The captive would “likely be run as a standalone business due to potential conflicts of interest with legacy store business and higher associated risks,” Asbury management said during a recent JPMorgan Chase investor event. The goal would be […]

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