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Former Tricolor Chief Executive Daniel Chu faces several new charges, including securities fraud in a new Department of Justice indictment filed June 24. The DOJ issued an amendment to its indictment of Chu and other former Tricolor executives who the government says double-pledged assets across multiple warehouse lines and manipulated long-delinquent accounts to appear […]
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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
