Early payment default rates double on kicked deals
Early payment defaults escalate auto fraud risk, which doubles when a loan rejected by one lender is later funded by…
Inside look: Synchrony’s AI training strategy
Synchrony Financial is investing in training its employees on emerging technology, with a focus on AI and automation. Training options include…
Automaker stocks rise after Fed signals potential cuts
Domestic auto manufacturers’ stocks ticked up at the end of last week after the Federal Reserve signaled interest rate cuts…
Skyla Federal Credit Union speeds up digital onboarding by 70%
Skyla Federal Credit Union switched consumer loan operating systems in July to meet growing demand for digital loan applications. “We are…
Carvana streamlines production as sales rise
Carvana is eyeing improved brand awareness and production efficiency to drive further sales growth into 2025. The retailer has achieved…
BRP North American retail sales down 18% year over year
North American retail sales for Canadian powersports manufacturer Bombardier Recreational Products fell year over year in its second fiscal quarter…
CFPB could go away, consumer complaints won’t
ORLANDO — The uncertain future of the Consumer Financial Protection Bureau won’t stop consumers from filing complaints since they have…
Iron Mountain rolls out Digital Auto Lending solution
Global information management company Iron Mountain’s new Digital Auto Lending solution allows auto lenders to automate document processing and improve…
Podcast: Tricolor’s 10K vehicles could be sold by March
Bankrupt subprime retailer Tricolor’s 10,000 remaining vehicles may be sold by March 2026 if trustee Anne Burns’ motion is approved….
Memorial Day deals include $0 down leases, 3.99% APR
While auto manufacturers are rolling out deals through Memorial Day weekend, April marked a drop in auto incentives amid tariff…
Fed: Auto sales follow sluggish trend
Automotive retail sales continued to slow in March due to high interest rates and vehicle prices paired with affordability concerns. …
PenFed’s refinance applications up 75%
NASHVILLE, Tenn. — PenFed Credit Union’s volume of auto refinance applications is growing as consumers look for ways to mitigate…
Against all odds: Auto market holds steady
The auto finance sector is showing signs of improving affordability and resilient loan production amid gradual dips in vehicle prices…
Arivo CEO prioritizes AI, looks to boost efficiency 30%
Subprime lender Arivo Acceptance Chief Executive Landon Starr will continue to embrace technology while making structural adjustments to the company’s operations…
Ford’s CEO sees Trump policies cutting US EV market in half
Ford Motor Co.’s leader warned of a bleak outlook for electric vehicles as President Donald Trump’s policies breathe new life…