A death march disguised as a consolidation wave appears about to sweep the subprime auto lending business.

Monday night, First Merchants Acceptance Corp., a Deerfield, Ill., company, joined the growing ranks of subprime auto lenders looking for buyers when it announced it had retained Salomon Brothers Inc.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.