Vehicle Sales
AFN Composite Index
+4.30%
Inventory Index
SOFR
APR 48 Mos.
More dealerships are courting subprime auto lenders as larger financers slow down or stop nonprime borrowing or exit auto originations entirely. Several independent dealerships have reached out to subprime lender Midwest Acceptance Corp. since Sept. 2 to ask for financing options, Chief Operating Officer Ray Knapp told Auto Finance News. Independent dealerships want more lenders […]
Already subscribed? Log in
Auto lenders are turning to the asset-backed securitization market to lock in capital ahead of potential late-year interest rate volatility...
Despite residual forecasting challenges, cost barriers and incentive competition, captives and credit unions continue to mull used-vehicle leasing to grow...
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...
David Thompson
David Thompson
David Thompson
