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. +
The Cox Automotive/Moody’s Analytics Vehicle Affordability Index increased from 35.1 in March to 35.2 in April after five months of incremental improvement. +
700Credit’s credit reports, soft pull prequalification capabilities and compliance tools are now available via Verifacto’s AI-powered deal management platform. +
U.S. Ford and Lincoln dealers now have access to SelectFI’s predictive lending technology via The Shop by FordDirect, a marketplace for dealer-facing, factory-vetted tools and services. +
NCC has launched Credit Abuse Risk, an Equifax-powered feature designed to assess intent to pay and identify default risk when the customer’s credit is pulled. +
TrueCar will implement a new vehicle pricing standard as part of an effort to help dealers remain in compliance with federal regulations against deceptive tactics. +
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. +
State Attorney General Rob Bonta says General Motors will pay $12.8 million to settle charges the factory sold OnStar-generated driver data to insurance companies. +
TransUnion’s latest report finds the superprime and subprime credit tiers are growing, thinning the “middle” tiers while pressure rises for nonprime borrowers. +
Polly’s latest quarterly report finds dealers who sell insurance policies to car buyers are adding an average of $564 in F&I gross profit per deal, a 35% increase. +
