Vehicle Sales
AFN Composite Index
Consumer Sentiments
SOFR
APR 48 Mos.
Automated approval rates on indirect auto loans are up at Gesa Credit Union after the $4 billion financial institution last month implemented fintech Scienaptic’s credit-decisioning technology, which is driven by artificial intelligence (AI). Scienaptic’s automated credit platform has led to auto-approval on 50% of indirect auto loan applications at the Richland, Wash.-based Gesa, and has […]
Already subscribed? Log in
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
Auto lenders are looking to strengthen relationships to bolster dealer profitability amid uncertainty, margin compression and shifting consumer behavior. Auto financier Santander Bank’s dealer commercial services strategy focuses on...
David Thompson
David Thompson
David Thompson
