Vehicle Sales
AFN Composite Index
+7.00%
Inventory Index
SOFR
APR 48 Mos.
Acknowledging a scale-back in originations last quarter, TD Bank’s Tim Hockey told analysts yesterday in an earnings call that the bank’s U.S. auto loan volume was heading a bit more to the prime and super-prime end of the market. Nonetheless, he said that TD was still building out the capabilities to feel comfortable with the risk profile of “near-prime” lending at some point. “But we’re not there yet,” Hockey said.
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
