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Lease ABS volume rises 65%
Auto asset-backed securitization volume continues to outpace 2023 levels, driven by growth in lease and prime loan deals. Auto asset-backed...
Avid Acceptance dips into lower credit tiers after originations plummet 80%
Avid Acceptance has expanded into its lower credit tiers after originations plummeted in 2023 amid a focus on higher-quality applications. ...
Lendbuzz retrains credit models as expansion sees defaults double
AI-based auto lender Lendbuzz’s default rate doubles when the lender expands into a new region, prompting updates to the financier’s...
3 drivers for AI integration at GM Financial
GM Financial is looking to AI to streamline processes and boost customer experience, Chitra Herle, global chief information officer, said at Auto...
RumbleOn F&I revenue falls 5.8% QoQ
Powersports retailer RumbleOn is working closely with manufacturers to align inventory with market realities as retail sales and finance and...
Biden set to hit China EVs, strategic sectors with tariffs
President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one...
American Honda urges dealers to tap into CPO leasing
American Honda is aiming to bolster sales and consumer loyalty by training dealers on certified pre-owned vehicle leasing. The company...
Lenders look to expand subprime reach
Auto industry partners are working to establish lending options that are mutually beneficial to lenders, dealers and subprime consumers amid...
