Vehicle Sales
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The collapse of subprime auto lender Tricolor Holdings has asset-backed securitization and subprime auto players divided on whether it’s a sign of more failures to come. Tricolor, which allegedly offered investors $800 million in fictitious collateral, operated 65 buy here, pay here dealerships spanning seven states and financed all auto sales in-house. The Irving, Texas-based […]
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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
