Wolters Kluwer’s latest report finds dealers and auto finance sources are adopting electronic contracting and digital documentation workflows at an accelerating pace. The Q2 Auto Finance Digital Transformation Index finds econtracting volume increased by just over 7% from the prior quarter.

The mid- to long-term trend is even more promising for proponents of the technology: Adoption is up 9.26% from the prior-year quarter and 116.26% from Q2 2021.

“The Q2 2025 Auto Finance Digital Transformation Index clearly underscores the imperative for digital workflow adoption in the auto industry,” writes Wolters Kluwer’s head of Digital Lending Product Strategy, Matthew Babcock, in a release. “From significant operational efficiencies to enhanced customer experiences to faster transactions and reduced paperwork, digitization is providing the strategic advantages that are foundational to the future success and resilience of auto finance.”

Read the full report at Wolters Kluwer