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The takeover of Tricolor Holdings’ assets and debts could cost $7 million to $7.5 million by yearend 2025, backup servicer Vervent estimates. The $7 to $7.5 million covers all transition costs for 2025, from when Tricolor filed bankruptcy on Sept. 10 through the end of the year, according to U.S. Bankruptcy Court of the Northern […]
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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
