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In the subprime auto industry’s infancy back in 1992, Arizona businessman Ernest Garcia II formed Ugly Duckling from two car dealerships he had purchased. His idea was to sell and finance vehicles to consumers with poor credit histories. Ugly Duckling was an innovator in auto financing, consistently finding ways to keep customers engaged and paying. […]
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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
