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Credit availability tightened for the third consecutive month in July amid widening yield spreads and declining subprime share. The Dealertrack Credit Availability Index, which tracks loan approval rates, changes in yield spreads and loan details, such as term, tightened 1.8% month over month to 103.3 in July. Still, access remained 5.3% looser year over year […]
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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
