Edmunds reports nearly 69% of trade-ins come with an average of more than $13,000 in positive equity despite easing inventory constraints. +
Wolters Kluwer’s latest Digital Transformation Index report finds econtracting gaining popularity throughout the auto finance ecosystem. +
VantageScore’s new credit scoring model promises better auto loan predictions with post-pandemic data and proprietary, AI-powered GAIN attributes. +
Kevin Warsh joined a unanimous vote to hold the Federal Reserve’s target lending rate at 3.5% to 3.75% and warned inflation could force an increase. +
A Carleton survey of consumer finance executives finds 87% are in the process of modernizing aging legacy systems and only 8.7% have finished. +
Experian analysts say sales of full-size trucks, vans and sports cars pushed $1,000 monthly payments to nearly 19% of all auto loans in the first quarter. +
Dealertrack’s Credit Availability Index inched up to 102.4 in April, but analysts say subprime borrowers’ share of the market fell “sharply” after a March surge. +
The manual review process is the last great bottleneck for dealers and auto finance sources. Attorney Tom Oscherwitz is counting on agentic AI to clear it. +
Average amounts financed, monthly payments and repayment terms all grew on a year-over-year basis in the first quarter, putting auto finance on shaky ground. +
A new AutoPayPlus survey of auto dealers and F&I executives reveals deep concerns over ever-lengthening loan terms that can trap consumers in long purchase cycles. +
