Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
The closure of subprime auto lender Prestige Financial Services’ origination business may have been accelerated by parent Larry H. Miller Co.’s efforts to buy a Major League Baseball team. Draper, Utah-based Prestige was one of several subprime auto lenders that stopped originations or filed for bankruptcy in fall 2025 amid credit performance challenges. Prestige laid […]
Already subscribed? Log in
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
