Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
Tricolor Holdings’ new loan servicer, Vervent, is facing collateral usage restrictions and demands from creditors to reclaim their auto parts in wake of the subprime lender’s Chapter 7 bankruptcy. Lender TBK Bank filed a notice Sept. 29 stopping Tricolor’s trustee from the surcharge, sale or use of its collateral. TBK also “demand[s] adequate protection of […]
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
