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Tricolor Chief Executive and founder Daniel Chu is no longer affiliated with the subprime auto lender, multiple sources tell Auto Finance News. Chu owned 27.5% of the company ahead of the Chapter 7 bankruptcy, according to a Sept. 10 Kroll Bond Rating Agency report. More than 72% of the company was owned by a “large […]
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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...
Auto lenders are looking to strengthen relationships to bolster dealer profitability amid uncertainty, margin compression and shifting consumer behavior. Auto financier Santander Bank’s dealer commercial services strategy focuses on...
David Thompson
David Thompson
David Thompson
