Finance & Insurance

The auto-retail investment company expanded its dealership investments in 2021. Last year, it announced it had partnered with Bain Capital Credit. Now it's using that funding to work with franchisees and help them grow.

Asbury Automotive formally expands into several new western states and picks up an estimated $5.7 billion in annualized revenue with the deal.

Amid reduced consumer demand, the banking industry relaxed lending standards for auto loans slightly during the third quarter, according to a Federal Reserve survey.

The first half of the year should see increased demand from below-prime customers compared with 2021, according to Satyan Merchant, TransUnion senior vice president of auto financial services.