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Subprime auto delinquencies in March are likely performing better than recently reported, largely due to “double counting” between late-stage delinquencies and charged-off accounts, Amy Martin, senior director of structured finance at S&P Global Ratings, told Auto Finance News. Sixty-plus-day subprime delinquencies hit 8.5% in March, following an all-time high of 8.8% in February, according to […]
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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
