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As repossession efforts become more expensive because of elevated fuel costs, lenders are forced to either pay a premium or wait longer for recoveries. Orlando, Fla.-based Florida Repossession Agency’s repossession volume grew 20% year over year in May, Vice President Danny Pabon told Auto Finance News. The agency said it receives more than 2,000 monthly […]
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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...
Auto lenders are looking to strengthen relationships to bolster dealer profitability amid uncertainty, margin compression and shifting consumer behavior. Auto...
David Thompson
David Thompson
David Thompson
