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Updating and maintaining data could help dealerships obtain capital from lenders as affordability pressures become heightened. Many dealerships use antiquated systems and embellish data in their favor, knowing it can help provide access to lines of credit, Victor Breen, area manager at Syosset, N.Y.-based subprime auto lender Carvant Financial, told Auto Finance News. The result […]
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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
