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AI-based auto lender Lendbuzz’s default rate doubles when the lender expands into a new region, prompting updates to the financier’s credit model. Boston-based Lendbuzz expanded into new markets earlier this year, beginning a period of worsened credit performance as the model adjusts, Chief Executive Amitay Kalmar said during a May 2 panel at Auto […]
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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
