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Credit access and approval rates improved in May, but access was offset by a drop in subprime share, while new-vehicle prices rose year over year. While credit availability is improving, the gain is offset by consumers opting for longer loans amid “stubborn” pricing, Erin Keating, executive analyst at Cox Automotive, told Auto Finance News. “From a credit side, we’ve continued to see that loosening a […]
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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
