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LAS VEGAS — Delinquencies are rising and losses are peaking this year in the subprime spectrum of the powersports finance arena, said Donal Hummer, president and chief executive of ThunderRoad Financial.
“We’re seeing what I call a lot of ‘really ugly subprime’ through this last year, and we’re actually amazed that these people are getting credit anyplace,” Hummer said at PowerSports Finance 2016 last week. “But they actually are finding some people to loan to them.”
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
