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BHPH retailers, specialty financiers were 26.2% of auto financing in Q2

Subprime lenders can accept higher LTVs, have less incentive to pullback

Specialty finance companies and buy here, pay here retailers’ market share grew in the second quarter as nonprime borrowing led auto financing growth. Subprime auto lender Arivo Acceptance’s originations rose 45% year over year in Q2, Chief Executive Landon Starr told Auto Finance News. When consumers face affordability headwinds, specialty auto lenders are more comfortable […]

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