Off the lot: Is AI an innovation drain?
We’re in the heat of summer and the only subject hotter than the weather is discussion around AI. . It’s…
Auto loan demand strengthens in Q4 (Big Wheels)
Consumer demand for auto loans strengthened in the fourth quarter while fewer banks tightened credit standards, although forecasts indicate that…
Tricolor Auto said to furlough employees, shutter operations
Tricolor Auto Acceptance is not responding to reports that the subprime lender has furloughed employees and suspended operations amid financial…
Bank of America originations up 16.2% to $7.9B
Bank of America on Oct. 15 reported auto originations growth in the third quarter after volume dipped in the previous…
Credit availability up 3%, ATPs inch up
Credit availability and affordability improved year over year, despite average transaction prices inching up as tax refund season arrives and…
AI-based pricing contributes to inaccurate estimates
Accurate estimated online payments are crucial to driving online vehicle sales. However, as auto lenders embrace AI-based pricing, reduced pricing…
GM ends extended EV tax credit plan and offers its own incentive
General Motors Co. has decided not to offer federal tax credits on electric vehicles that were in transit to dealers…
CFPB points to ‘gaps’ in state data privacy laws
The Consumer Financial Protection Bureau has expressed concern regarding potential gaps in new state consumer data privacy laws that exempt…
Used-car values drop 0.2% (Big Wheels)
Used-vehicle prices were mostly unchanged year over year but rose month over month in March as pricing volatility continues. The…
Q2 used-vehicle values buck seasonal trends
Used-vehicle values continue to trend above pre-pandemic levels amid higher-than-normal wholesale price increases driven in part by a pull forward…
American debt stings like never before in new era for households
After years of managing household budgets through the stress of the worst inflation in a generation, US families are increasingly pressured…
Lessor Cal Auto eyes Florida expansion
Indirect auto lessor Cal Automotive is focused on growing its lease share in Florida as leasing industrywide continued to climb…
11 powersports finance execs to watch in 2026
The powersports industry so far in 2025 has grappled with mixed sales and consumer demand as prices rise, inflationary pressures…
3 ways Toyota Financial Services taps gen AI
Toyota Financial Services is harnessing generative AI to enhance productivity and modernize its capabilities. As the auto lender explores generative AI, its…
Vroom’s Shortt to lean into advanced analytics, AI in United Auto Credit revamp
Incoming Vroom Chief Executive Tom Shortt has big plans for financier United Auto Credit as he continues to steer the…