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Used-car retailer HGreg has launched captive financing through a partnership with artificial intelligence lending platform Karus. Florida-based HGreg is leveraging Karus’ proprietary AI and machine learning (ML) underwriting model to score and price borrowers, Karus Chief Executive and co-founder Aaron Travis told Auto Finance News. The model uses data from auto loans originated over the […]
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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
