After spending the last few years focusing on internal improvement, America’s Car-Mart is now turning outward to its customers and the communities it serves. The buy-here, pay-here chain recently unveiled…
Subprime auto finance performance is expected to deteriorate soon, according to a 360-degree market study released by Credit Chronometer. The study reports that a negative performance outlook is impacting participants’…
Westlake Portfolio Management (WPM) has been selected as third-party servicer by Total Finance on its $100 million automotive portfolio. Approximately 84 percent of the $100 million portfolio at the time…
America’s Car-Mart Inc. announced net earnings of $14.6 million in the quarter ended April 30, up from $10.2 million in the same period a year ago. Revenues were $177 million…
Carvana Co. has priced the private placement of an additional $250 million aggregate principal amount of its 8.875 percent senior notes due 2023. The new notes priced at 100.500 percent…
The amount of subprime auto finance continues to rise. Through January, 21.3 percent of auto finance was issued to consumers with a subprime credit score, according to Equifax. This accounted…
Autotrader recently identified the 10 Best Non-Luxury CPO Programs and 10 Best Luxury CPO Programs for 2019. Hyundai led the way among mass-market brands. Lexus was the overall luxury winner.…
Spireon earned the 2019 Excellence in Customer Service Award for Organization of the Year from the Business Intelligence Group. Spireon was selected due to its deep investment in product innovation…
Carvana Co. launched in four Mid-Atlantic markets. The company now offers as-soon-as-next-day vehicle delivery to in Hagerstown and Salisbury, Md., as well as Charlottesville and Roanoke, Va. Carvana offers as-soon-as-next-day…
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