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Smaller subprime lenders without the access to capital or dealer networks of their bigger competitors are looking for ways to stay competitive. Larger firms use “their scale to extract as much market share as they can take on,” Mike Lavin, president of Consumer Portfolio Services, told Auto Finance News. “It’s difficult for a smaller player […]
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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
