Avid Acceptance has expanded into its lower credit tiers after originations plummeted in 2023 amid a focus on higher-quality applications. ...

AI-based auto lender Lendbuzz’s default rate doubles when the lender expands into a new region, prompting updates to the financier’s...

GM Financial is looking to AI to streamline processes and boost customer experience, Chitra Herle, global chief information officer, said at Auto...

Auto industry partners are working to establish lending options that are mutually beneficial to lenders, dealers and subprime consumers amid...

Social impact, lack of dealer support and struggling business models are hindering mass EV adoption while EV manufacturers Rivian and...

Chase Auto could expand its credit buy box to meet consumer demand if macroeconomic conditions continue to contribute to weakening...

Hyundai Capital is nearing 40% in e-funding as the company uses generative AI to make financial decisions more quickly.  ...

Arvest Bank's originations are expected to grow slightly in 2024 on the heels of double year-over-year growth in 2023 following...

Gaining operational efficiencies through artificial intelligence, navigating a challenging EV market and embracing the return of leasing were top themes...

NASHVILLE — Chase Auto remains optimistic about its electric vehicle private-label businesses on the heels of Fisker pausing production and...